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September 21, 2011

Here Comes Deflation

With the passing of the September FOMC meeting, markets are now unshackled from a modicum of uncertainty and may progress upon their intended paths. From my viewpoint, the path is one of a severe deflationary event. I do not, of course, refer to deflation in the strict monetary sense, but rather by the cruder definition of prices falling. It is my opinion ...

 

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