Deflation notebook

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Today we see fear in the headlines. Fear in the Party of Trump (Bolton's book is leaked), fear in the contagion pipeline ("At this time, it’s unclear how easily or sustainably this virus [Coronavirus] is spreading between people...” the CDC says. [2700 confirmed case and 60 million Chinese residents in lockdown provinces] via CNN JAN 27th) and fear in the stock market indexes (1st chart left).

The second chart to the left shows the "un-growth" of Canadian Labour Productivity since the peak in the 1980's punctuated by two major global stock market selloffs (fear). In OCT 1987 "Black Monday", every major world market experienced a decline. Measured in USD, 8 declined by 20-29%, 3 by 30-39%, 3 by more than 40%.

In OCT 2007 through MAR 2009 (17 months) during the Global Financial SubPrime collapse, the Dow Jones Industrial Average dropped 53%.
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​Chuck Schumer speaks following leak of Bolton book excerpt

Senate Minority Leader Chuck Schumer addressed reporters Monday on Day 6 of the Senate impeachment trial of U.S. President Donald Trump, after an excerpt from a book written by former National Security Advisor John Bolton was made public. Global News JAN 27, 2020