Bryan Berndt
Certitude Belongs 2 Those With Only 1 Encyclopedia
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May 20th, 8:56am
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Japan’s Deepening Economic Slide May Heighten Pressure for Faster Stimulus - Bloomberg
via bloomberg.com
GDP shrank 3.7%, but actually by even more, 5.3%, in nominal terms because of deflation. Japan's last 20 years are a great lesson about the impact of debt deflation demand destruction. Ie why the hyperinflationists are off the mark.
