There you have it. The horrible word of deflation is now real.
Blame the Fed, because it is 99% their fault.
market-ticker.org
(visit the link for the full news article)
[edit on 17/6/2009 by Mirthful Me]
Deflation.(visit the link for the full news article)
From Bloomberg:
Ten-year yields will probably drop to as low as 1.5 percent over the next two years, Mizuho Asset’s Takei said.
The only way that happens is if The United States is gripped by a bone-crushing deflationary spiral.
It can happen. It probably will happen, despite The Fed's attempts to stop it, because in fact The Fed has done all the wrong things to stop it over the last ten years...