So says the Atlanta Fed based on five-year TIPS data. Still, the chances are half of what they were in the summer of 2011.
Chances of deflation edged high in November
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Really? After hearing the deflation story for the better part of decades without seeing it come true why should we keep believing it? After all, the same Fed has promised to print as much money as possible in order to prevent the ‘deflation’ that has seen the USD lose more than 80% of its purchasing power since Nixon went off the gold standard.