Deflation no longer a silly notion Declining prices would represent a drastic change in the economic landscape after generations of inflation

From: The Milwaukee Journal Sentinel | Date: November 22, 1998| Author: REED ABELSON | Copyright information

Deflation? Don't be ridiculous.

Most investors are quick to dismiss the very notion of deflation, an economic environment defined by widespread declines in the prices of goods and services. Accustomed to the inflation of the last half-century or so, they expect ever higher prices for their cars, their homes and perhaps most importantly their stocks.

But the truth is, a lot of smart people are thinking about the possibility and not just the Cassandras of the stock market who...

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