Sunday, July 3, 2011

Deflation

Late payments still a problem for small firms, says FSB

56% said they had written off invoices worth between £1 and £9,999 because of non-payment. These write off reduces the total circulation of money hence deflation. SImilar losses at the bank reduces the money they can lend and every thing comes tumbling down. Asset price deflation.

Posted by deepak @ 01:23 PM (3574 views)
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