The Deflation Risk Keeps Rising
December 12, 2008 at 11:22 AM EST
Deflation with a capital “D” may still be a remote possibility, but it’s getting tougher to dismiss the idea that deflation light is here. Exhibit A is this morning’s update on producer prices, which fell 2.2% last month. That’s the fourth month running that wholesale prices turned south. We can debate exactly when, or if a [...]