Dan Lyons
~ Friday, November 20, 2009
 
JAPAN DEFLATION RETURNS/
Along with unemployment/
LONDON GUARDIAN20NOV
When(minority) rich don’t spend a high proportion
Of their riches, and majority ordinary people
Don’t have money to spend,

Then aggregate demand-backed-by-money
Sags,

And prices must be lowered.

Deflation is self-accelerating,
As people wait to buy until prices to sink lower.

0 Comments:

Post a Comment


Powered By Blogger TM Weblog Commenting by HaloScan.com