All Posts Tagged With: "excess reserves"

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Hyper-Deflation on the Streets of Paris

Scarcely a block from our office in Paris is a monetary phenomenon that has escaped the financial press. In one of the highest-cost economies in the world, you can buy a woman’s shirt for 2 euros. A dress? Four euros. A man’s jacket can be had for the price of a cup of coffee.

June 29th, 2009 | Bill Bonner | 19 comments | Continued
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