Société Générale's bearish strategist Albert Edwards has said the Western world is slowly descending into outright deflation, much like Japan in the 1990s, pointing to most recent US inflation data surprising on the downside.
Permabear Edwards said this was clear evidence of the re-emergence of a deflationary trend, which when the "inevitable" recession comes will cause "havoc" throughout financial markets. He said: "If...
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