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Deflation isn't always accompanied by Depression-style soup lines.
"Deflationary spirals" have been a major subject on the economics agenda. The theory is clear, but there are few actual examples to study. The Great Depression in the United States is one, and Japan is another.
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Amount Bank of America will pay in its latest mortgage-loan related penalty. BofA has booked more $70 billion in home-loan related expenses under current chief Brian Moynihan, mostly related to the 2008 Countrywide takeover.
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