Micheal Shedlock says:
Definition of Deflation is the reduction in money supply AND credit in the economy that cause all prices to go down generally
Conditions for deflation:
- treasury yields down
- commodities down
- stock market down
- home prices down
- consumer prices down
- GDP down
- credit market down
- USD dollar up
- Banks hoarding cash up
- saving rates up
- purchasing power of gold up
- bond price down
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