Deflation!!!!????

This about says it all...



Yes, import prices are down in some part owing to oil, but export prices are also down. Year over year, import prices are down 10.5%.  Export prices are down 6.7%.

The annual inflation rate in the USA is now 0%.  The last time it was negative was 2009 (- 0.4%).  Before that, you need to go to 1949 to find a deflation rate in America.  And before that, you have to go back to the starting and ending years of the Great Depression. There is nothing normal about this.

Deflation is too little money chasing a set amount of goods and services, forcing sellers to cut prices.  Deflation means recession. This should not be happening with trillions of dollars sloshing about in the world's economies.