We've discussed this debt deflation scenario previously, so we won't go into detail again in this posting. That said, you can bing or google Irving Fisher and “debt deflation ” or if you prefer, Hyman Minsky and “The Financial … [...]
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Over the medium term, a prolonged global downturn and Tokyo's limited progress on structural reforms would expose Japan to continued “low growth and deflation , a toxic mix that would worsen public debt dynamics … [...] Instead, Australian prices are down by just over 9 per cent, which is indistinguishable from the Japanese fall of just under 8.9 per cent at the same point in its house price deflation . So does this increase mean that the trend of … [...] |
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