Daily Dose of Deflation 16Nov2008
Mint: Deflation seen hurting Asian stocks in 2009
“We will have to go through the sharpest inventory correction in at least a generation,” causing prices of goods to plummet, wrote Tim Rocks and Daniel McCormack, analysts at Macquarie, in a report dated 12 November. Balance sheet deterioration will be “most extreme” among firms that rely on emerging market sales.
“Companies struggling with financing problems will fire-sale finished goods,”
Related Posts:
