The Big D: Deflation.

8 minutes

With apologies to the old country western song, we're not talking about divorce either.

No, the topic of the day, and the chief fear of every central banker is: Deflation. That's really the phenomena that has hit the equity markets this month: Deflation.

Now Deflation is defined as a general decline in the overall price of goods and services. Currently we are seeing asset class deflation, particularly equities.

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