This is Ambrose's first article for two months and it looks like a good one, too.
The verdict is in. The Fed's emergency rate cuts in January have failed to halt the downward spiral towards a full-blown debt deflation. Much more drastic action will be needed.
Looks like Ambrose is scared!
"For the first time since this Greek tragedy began, I am now really frightened."
By Ambrose Evans-Pritchard,