…are real rates (paid in multiples of the consumer price index) so deflation wouldn’t be a problem for the Treasury (although it would be a catastrophe for the economy). Given…

…inflation ex-energy is only up 1.9%: Because in the first few months of the pandemic during the lockdowns there was a spurt of deflation as shown above in the first…

…into deflation.  In 2016 he became the first major figure at the Fed to argue that they should think in terms of multiple equilibria possible paths, an idea coming out…

…Note the huge upward surge until the housing bubble popped, followed by the equally sharp deflation. Finally, let’s factor in interest rates set by the Fed, shown in black below:…

…abruptly reversed course and decelerated to close to if not outright deflation at the onset of the recession. This occurred because consumers could not keep up with the price increases….

…have triggered inflation. The interruption of China-centered supply chains clearly played a significant role, as did Russia’s invasion of Ukraine. But neither factor explains Western capitalism’s abrupt “regime change” from prevailing deflation to…

…looks unlikely. Another month of unchanged prices, if not outright deflation for the month appears likely. That’s the good news. Turning to housing, here’s the graph I ran several weeks…

…But is this deceleration due to the Fed’s actions? November Inflation Preview: The Goods Deflation Cavalry Is Coming, But OER Can Upset an Optimistic Consensus Tomorrow (employamerica.org), Skanda Amarnath. The…

…commodity inputs (gold): It’s pretty easy to see that commodity deflation since June explains the rebound in “real” manufacturers sales. Now let’s turn to wholesalers, showing their nominal sales, also…

…working-age population tends, other things equal, to experience persistent economic weakness. Japan illustrates the point. Its working-age population peaked in the mid-1990s, and the country has struggled with deflation ever…