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America Wake Up: Deflation Is Here, We're Just Like Japan, Except We're Much Worse
Today we got the news that the Fed's James Bullard thinks the U.S. is heading for a deflationary period. He's not the first to suggest this. Richard Koo has been on it for months (if not years) warning that the U.S. could turn into Japan, with a lost decade, as our free money spigot produces nothing but stingy corporate chiefs cutting costs and paying down debt.
