Ambrose Evans-Pritchard suggests the recent, unprecedented drop in bank lending is a harbinger...

|By:, SA News Editor

Ambrose Evans-Pritchard suggests the recent, unprecedented drop in bank lending is a harbinger of a double-dip recession and a slide into debt-deflation, quoting David Rosenberg: "For the first time in the post-WW2 era, we have deflation in credit, wages and rents and, from our lens, this is a toxic brew."