Tuesday, April 21, 2009

Global Deflation, Global Depression?

On 4/15/09, I wrote a couple of posts about real interest rates and deflation. The warning bells are going off in this country: the longer the deflation trend continues, the more likely it is that we wind up in a depression.

The rest of he world is getting those signals as well:

British economy falls into deflation for first time since 1960


Spain's Falling Prices Fuel Deflation Fears in Europe


Price falls fuel Japan deflation fears


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