In my daily following of securities markets and economics, the one spot I never overlook is the excellent blog of Mike "Mish" Shedlock; http://globaleconomicanalysis.blogspot.com/. Mish has been at the front lines of predicting nearly every aspect of the financial crisis with detailed precision for approximately 5 years. As Mish would exclaim, inquiring minds may wish to consider formal definitions of inflation and deflation and their respective effects on the economy:
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