Deflation?

OK, consumer prices went up 0.7 percent in June, and 0.7 percent in May.

That looks like 8.4 percent over the course of a year.

But we're supposedly suffering deflation.

Only prices I see going downward lately are house prices, which were too damned high to begin with.

Crusty ain't seeing anything in the grocery store going down but the occasional loss leader; everything else is still going up, and the shelves are getting really bare to boot.

I still say that we will be in a "Twilight Zone" economy until the end of the fiscal year. Then all those newly printed dollars with the ink still wet will hit the streets and mess up our whole program.

Jimmy Carter ain't got nothin' on this crowd.