Fear of the equity markets, and the addiction to saving, can propel a country into a vicious downward deflationary spiral. |
In a deflationary environment a good growth stock can often be a defensive stock. |
A falling dollar would be a major deflationary influence on the world economy, notes Levy. |
But such reforms and restructurings are very deflationary in highly indebted economies. |
The overall effect is a rise in unemployment and intensifying deflationary pressures. |
Volatile movements in the foreign exchange casino compound the deflationary effect. |