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  • The Cycle of Deflation

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    Radu
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    The document outlines a cycle of deflation where excess debt and capacity lead to weakness in pricing power, devaluation, increased competition and protectionism between countries, and eventually plant closings and debt defaults before pricing power can return.

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    The document outlines a cycle of deflation where excess debt and capacity lead to weakness in pricing power, devaluation, increased competition and protectionism between countries, and eventually plant closings and debt defaults before pricing power can return.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    30 views1 page

    The Cycle of Deflation

    Uploaded by

    Radu
    The document outlines a cycle of deflation where excess debt and capacity lead to weakness in pricing power, devaluation, increased competition and protectionism between countries, and eventually plant closings and debt defaults before pricing power can return.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    The Cycle of Deflation

    Authored by Comstock Partners, Inc.

    Excess Debt
    Excess Capacity

    Over-Investment & Weakness in Pricing Power


    Excess Demand
    Devaluation

    Savings &
    Investment Competitive Devaluation

    Protectionism & Tariffs

    Beggar-thy-neighbor

    Plant Closings
    and debt defaults

    Pricing Power Returns

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