Janet Tavakoli on deflation

6:30—"We're having a deflationary collapse. We've had rising loan defaults, falling tax revenues, large increases in government debt and huge monetization by the Fed. All of this has been trying to stem the problem that people don't have enough money to pay off their debt, their loans."

10:50—"If I just look at the global economy the way I look at a securitization, the cash has to be there to make the payments: where's the cash coming from, how much debt load do you have, liabilities. And when I do that analysis this is what I come up with. That our meltdown risk, now, today, is greater than it was in 2007."

H/T ZeroHedge

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