Friday, July 16, 2010

Currency Collapse?

World at Risk of Folding in on Itself:
'If we slide into deflation - the likely fate of the developed market - a Japan-style outcome will become inevitable,' he said.

'In Japan, the BoJ has lost the ability to create inflation and is condemned to deflation. Central banks may now need to talk about the necessity of inflation...before it is too late.'

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