Thursday, October 24, 2013

NO LESS DISTRESSING, ON ANOTHER LEVEL: “Europe already has one foot in 'Japanese’ deflation grave”.

Europe is sliding into a deflationary trap, displacing Japan as the world's epicentre of policy error. The effect is already causing debt ratios in half a dozen countries to ratchet upwards to the point of no return, making a mockery of the EMU debt crisis strategy.

No kiddin'.