Cassidy in New Yorker

[Mark Jones]

The London Sunday Times today reports that Japanese GDP will be down 5% this
year. That's deflation. Next year the British and American economies will
shrink, too. Not to speak of a long list of other places like Indonesia and
Russia.

Mark

Max Sawicky wrote:


> > .  .  .   When the
> > US bubble bursts it will do so in the context of an already-raging world
> > deflation. .  .  .
>
> Is this in reference to the Asian basket cases,
> or is it more general, and if so, where is it
> documented most concisely?
>
> MBS
>

--
Mark Jones
http://www.geocities.com/~comparty