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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: mishedlo who wrote (210837)12/20/2002 10:56:54 AM
From: reaper   of 436258
 
The meaning of deflation and the characteristics that differentiate it from the more usual experience of inflation are subjects being actively studied inside and outside of central banks. As I testified before the Congress last month, the United States is nowhere close to sliding into a pernicious deflation.

we don't really know what deflation IS (we are studying it) but we are nowhere close to experiencing this thing that we don't know what it is.

farking moron.

Cheers
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