Deflation scare is losing air; Advisers, investors no longer concerned.(News)

From: Investment News | Date: September 1, 2003 | Copyright information

Byline: Brooke Southall

Fears of deflation have been deflated.

Investors - virtually in a matter of weeks - have forgotten about the threat of deflation, and financial advisers are crossing it off their list of worries.

"It appears that the deflation-is-dead camp has won,'' says Keith B. Hembre, director of economic research for U.S. Bancorp Asset Management Inc. in Minneapolis. "It's a crowd psychology kind of thing.''

A survey by the ...