US Dollar Deflation in 2013
US Dollar Deflation 1913 to 2005
Citi currency guru Steven Englander has a new note out titled: No coin + temporary debt ceiling extension + sequester = US Dollar negative. In it he notes that the rejection of the trillion dollar coin idea to avert the debt ceiling is not alone a market moving event, but that the hard language taken by the White House that the choices boil down to clean lift or default raises the odds of a debt ceiling breach. His take:
So it is possible that we