Deflation is Here; How Long it Will Last?
December 29, 2008 at 12:30 PM EST
Deflation is here. The question before the house: How long it will last? Ideally, it’s just passing through, albeit throwing everyone into a temporary tizzy with worries that the U.S. is set to repeat the Japanese experience. Certainly the Federal Reserve is working over time in trying to make sure the disease is short-lived. But for [...]