Singing the deflationary blues
Article Abstract:
There are fears that the world economy could be hit by deflation, though there is little direct evidence that this could happen. Deflation was linked to unemployment and bankruptcies between 1929 and 1933. Falling prices mean that spending is postponed and debt increases in real terms, while interest rates cannot be less than zero, and real rates rise. Commodity prices have dropped as have producer prices, but few countries have seen a drop in consumer prices. Bond yields have dropped, but this is because they are seen as safe investments rather than because inflation expectations have changed.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Sleazy: America's municipal bonds
Article Abstract:
Municipal bonds are managed under very little regulation, so it cannot be considered surprising that that some shady deals have been uncovered. The Securities and Exchange Commission is not considering enacting stronger measures to regulate their trade.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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