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CHART OF THE DAY: THE RETURN OF DEFLATION IN SPAIN

Spanish Citizen: Yes, may I please have a bit of fiscal austerity with that dose of deflation?  Actually, on second thought, make that fiscal austerity a double, we’re looking for an extra long case of deflation and depression.

Spanish Government: But of course!  Coming right up!

Spanish CPI

* Courtesy of reader Sean

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