Big Ideas, Grand Plans, Modest Budgets
Opening wide and swallowing doesn't always pan out real well....just ask this catfish that tried to swallow a basketball
It appeared that deflation was the only possibility for rescue
If this is the cure than we are on our way!
Deflation usually occurs because of a serious economic slowdown. If the present slowdown in economic growth turned into a major recession, deflation could become a real possibility. Deflation could occur because of:
Falling house prices reducing spending
Falling value of shares
Contraction in investment caused by banks being unwilling or unable to lend.
Falling economic growth causing firms to try cut prices and possibly wages.