Relevant:
- The Depressing Signals the Markets Are Sending About the Global Economy
- Japan's Stock Index Tells the Real Tale
- Europe repeating all the errors of Japan as deflation draws closer - Telegraph
- Deflation Returns To Japan; Black Hole Madness In U.S.
- Hyperinflation is Guaranteed if U.S. Stays on Current Path
2008-11-20 — nytimes.com
While most consumers might welcome the idea that things are getting cheaper, deflation is an economists’ nightmare. It was a hallmark of the Depression and Japan’s so-called lost decade in the 1990s. A big worry is that deflation would blunt the impact of interest rate cuts by the Federal Reserve, forcing policy makers to use other tools to try to revive the economy.
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