Expect double-dip, not inflation, says CreditSights' Purtle

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Purtle, CreditSights: double-dip threat

Inflation fears are misplaced but a double-dip recession in the US looks increasingly likely, according to Louise Purtle, chief strategist at independent research provider CreditSights.

Speaking at a CreditSights conference in London, Purtle said deleveraging is the major theme affecting global markets at the moment, making assumptions of inflation misplaced.

“People are confusing expansion of the monetary base with an expansion in monetary supply,” said Purtle. “When Milton Friedman said that

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