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(Untitled) Nov 5th 2013, 21:50, by noreply@blogger.com (Cliff Küle) Deflationary Spiral In Europe "The result of the DRAIN IN LIQUIDITY COMBINED WITH FISCAL AUSTERITY have resulted in what we predicted is a powerful ADVERSE FEEDBACK LOOP. This is raising the specter of deflation in Europe. The possibility of a deflationary spiral at a time of record high unemployment and no real centralized political authority will result in a much more destructive deflation than Japan has had to endure. The media is suddenly rife with stories about the mal effects of a deflationary spiral taking hold of the European economy. The ECB meets Thursday and Mr. Draghi needs to look at two charts: EU unemployment and the ECB's balance sheet. The EURO has dropped 2% following last week's FOMC meeting. If Draghi fails to address the recent data showing declining inflation by announcing some 'forward guidance' on a new liquidity program, the EURO will rally." - Yra Harris link here to the article

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