David Goldman: ‘Extreme Risk’ of Deflation Ahead

Weak gold prices, softening oil prices and a lackluster stock market while the euro zone crisis could increase demand for U.S. dollars — but is deflation the next stop?

“It’s an extreme risk, though I don’t think it’s an inevitable outcome,” David Goldman of financial research firm Macrostrategy said Wednesday on CNBC’s “The Kudlow Report.” 

Goldman, the former global head of fixed income research for Bank of America, pointed to substantial risk — and a possible domino effect across the Atlantic. 

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