Deflation is comingwww.southofwallstreet.com
In going thru old research I found a note from Dave Rosenberg in March of '08, where he discusses Bernanke's decisions on rate cuts and points to his speech from 2002 on deflation as a road map for his options. At the time, cutting the Fed Funds rate was 'the answer' that rallied markets and substantiated the Fed's ability to maintain confidence in financial markets. We all know how that ended.
Rosenberg from 3/18/08 at ML:
We
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