Tuesday, June 9, 2009

Falling Prices In China

http://www.bloomberg.com/apps/news?pid=20601087&sid=aKjsntVGsECo

China’s Consumer Prices Decline 1.4%, Aiding Recovery

That is some interpretation by Bloomberg. Anyway, as I said earlier today: China is playing a dangerous game. Falling prices mean that there are too many goods.

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