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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (216369)8/19/2009 4:33:25 PM
From: Giordano BrunoRead Replies (1) of 306849
 
Rosenberg on deflation: It is clear that the deflation trend is going global as we saw today in Germany with its PPI sliding a record 7.8% YoY as of July — an even steeper downtrend than the -4.6% pace posted in June. Canada’s CPI also dropped a larger-than-expected 0.3% MoM in July, and that took the YoY trend to -0.9%, which is the most negative trend we have seen in 46 years! Even the core CPI in Canada was flat last month, so this is not “only” an energy price story.
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