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COMMENTARY

Investing in a deflationary world

Thursday, April 23, 2015 - 05:50
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Deflation fears have been increasing globally since last year, notably in Europe and Japan, and increasingly in China.

WE live in an abnormal world of falling consumer prices. The phenomenon is so rare that the US, for instance, saw year-on-year price declines only in one month (this January) in the last 50 years, if we leave out the depths of the financial crisis in 2009. Indeed, deflation fears have been