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Jay Fenello's Blog – January 2011 Archive (1)
Deflation Interruptus, and Paths Out of the Great Recession
For a little over a year now, I've been writing this blog about the Great Recession -- how it began, and how it is likely to proceed. Back then, I predicted a deflationary cascade, brought about by the collapse and panic surrounding the mortgage backed securities market. I believed that, as the bad debts that existed in the market were recognized, the effect would…
ContinueAdded by Jay Fenello on January 3, 2011 at 1:52pm — No Comments
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