Greg L wrote:
> MG wrote:
> The erosion of regular full-time employment has
> been instrumental in the revival of corporate
> profitability, but, as the FT notes, some employers and
> economists are worried the accompanying decline in mass
> purchasing power will produce deflationary crises.
> ______________________________________________________________
> Well, the economy has been deflating for the last 5-6
> years, no?
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Others like Doug will have a better handle on this, but I think the US CPI
has risen by between 1%-3% each year over the past decade. There may have
been a month or two in the recent period when the price index actually
declined slightly, triggering concerns about deflation..
MG