Dec 9, 2008

Wan-Chong Kung on deflation

Deflation fear is alive and well. The constant parallels being drawn to the Depression era as well as to the Japanese experience leads to the feeling we’re looking at a pretty gloomy period for a long time.

~ Wan-Chong Kung, who helps oversee $76 billion in fixed income as a money manager at FAF Advisors Inc. in Minneapolis, the asset-management arm of U.S. Bancorp, "Obama Bonds to Give Buyers Taste of Japan Lost Decade,", December 8, 2008, by Wes Goodman

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