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deflation in china

Rover found this 12/4/2008 on declineandfallofwesterncivilization.blogspot.com

the call from morgan stanley . Despite still relatively high CPI and PPI inflation at the current juncture, we believe that a perfect storm for deflation is gathering strength under the surface and is expected to bring about a deflationary impulse in 1H09, which may morph into persistent ...