Ambrose Evans-Pritchard: Swiss slide into deflation signals the next chapter of this global crisis!
By Ambrose Evans-Pritchard
LONDON, England - April 5, 2009 - Swiss consumer prices fell 0.4pc in March (year-on-year). Swiss CPI will be minus 1pc at least by July, nearing the level where spending psychology changes. By the time you have a self-feeding spiral, it is too late.