Wow, the most cogent and concise explanation of the deflationary affect on modern economy that I have ever seen.
My hat is off to you sir.
Thank you. We just have to think deflation for the time being and my bet is at least two more years. The deflation psychology for consumers is 180° opposite what the inflation psychology is
With inflation the $100 you stuffed in your mattress is worth 5% less next year. With the current deflation it is worth 5% more 12 months from now
Grocery prices have defied deflation so far but I now see them slowly deflating too
Nope. That would be post 42.