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The Deflationary Impact of the Coming U.S. Commercial Real Estate Bust PDF Print E-mail
Tuesday, 01 June 2010 12:09
Sean Daly submits:

Crippled banking systems tend to bring on deflations. And crippled banking systems seem to result from the bursting of asset bubbles because of the sharp decline in the value of the collateral backing bank loans.

–Paul Kasriel, Northern Trust[1]


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