A world economy brought many advantages, but now deflation looms ominously, writes Ross Gittins.
Debt- deflation The combination of excessive private-sector debt and falling consumer prices that occurred during the Great Depression.
Daniel Rook Japan's central bank has decided not to change its super-low interest rates, saying beating deflation is a critical challenge.
A deflation scare is likely to develop in response to the slump in commodity prices and rising global excess capacity pushing inflation.
We have now inflated the current residential bubble to voluminous proportions and economic growth is primed to tank into a major deflation.
Communal cries of delight or deflation follow key revelations.