An Investment Lesson from Deflation Scares
On November 6, 2002, The Wall Street Journal, in a front-page article entitled “Inside the FED, Deflation draws a closer look”, stated that the FED was discussing the possibility of deflation at a country inn in Woodstock, VT. It said “central bank officials” attended this ominous-sounding meeting. But wait, when was this meeting? A careful […]
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