> Dwayne Monroe wrote:
>
> >So I turn to those of you schooled in these matters;
> >how darkly portentious is this news?
>
> Moderately, so far. There's a nontrivial possibility of deflation,
> but it's not a sure bet yet in the U.S. But Mr Yen is worried!
>
> Doug
>
===================
Meanwhile Fed economists still peddle neo-Friedmanite twaddle in support of deflation:
http://www.phil.frb.org/files/wps/2002/wp02-19.pdf