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Saturday, 12/09/2017 11:38:12 PM

Saturday, December 09, 2017 11:38:12 PM

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Deflationary Relationships



Murphy notes that the world shifted from an inflationary environment to a deflationary environment around 1998. It started with the collapse of the Thai Baht in the summer of 1997 and quickly spread to neighboring countries to become known as Asian currency crisis.

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