'Deflation is not really about prices. It's about the value of debt on the books of banks that cannot be paid back by zombie corporations and individuals.
..
Those expecting a massive surge of inflation missed the boat. We HAD a massive surge of inflation primarily reflected in asset prices, not consumer prices.
Bubbles are inherently deflationary.
It’s asset asset bubble deflation that is damaging, not routine price deflation.
..
Definition Review<ul><li>
Inflation is best thought of as an increase in money supply and credit with credit marked to market.</li>
<li>
Deflation is best thought of as a decrease in money supply and credit with credit marked to market.'</li></ul>
- Mike "Mish" Shedlock,
Hyperinflationists Come Out of the Woodwork Again, April 14, 2020
ContextNothing is Working Now: What's Next for America? March 23, 2020
CNN - The world is drowning in debt'..Investors didn't even do that in 1929.' - John P. Hussman