Z1 (Overall Credit) Turns Up – Has Deflation Threat Passed?

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Overall credit, as measured by the quarterly Z1 report, turned up significantly in the 3rd quarter for the first time in a few quarters – does this mean the deflation threat passed? Fellow deflationist Vox Day is not impressed – he writes: So, while Z1 reports a quarterly increase of 0.43% in overall credit, the first […]

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