September’s publication includes summaries of three articles. The first examines the factors behind deflation in Japan to assess the likelihood of Europe or the United States following this path. The second looks at cyclical flows between money market, bond, and equity funds. The third discusses the mixed evidence that the U.S. bond market is in a bubble.

• “Deflation: Will America and Europe Ever Follow Japan?,” by Robert Feldman, Morgan Stanley, September 6, 2010.
• “Secrets of the Flows,” by M. Christopher Garman, Leverage World, September 10, 2010.
• “My ‘Two Cents’ Worth’ on a Bond Bubble,” by Ned Davis, Ned Davis Research, September 9, 2010.