China is teetering on the brink of deflation. That's a huge red flag for the global economy.
,"prices staying the same" might sound like a good thing. But most economists see deflation as a nightmare scenario.
That's because people are likely to hold off on buying things with the expectation that they'll become cheaper in the near future – and that drop in spending can then drag down growth.Bloomberg's"Odd Lots" podcast"Individually, [people trying to save money] might be doing the right things, but collectively, they may be killing the economy."
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