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Deleveraging and Deflation: Something Scary This Way Comes

Deleveraging And Deflation: Something Scary This Way Comes

I just finished reading Gary Shilling’s book, The Age of Deleveraging, and Harry Dent’s, The Demographic Cliff. Both authors are respected prognosticators who called the real estate and financial meltdown. Both of them are saying that we’ve begun a major deflation of our economic activity that is being masked by aggressive central bank intervention and that that intervention cannot successfully mask the problem much longer. Read more here.