Thursday, December 4, 2008

The Albatross of Deflation

Deflation.

It's a downer, in't?

It weighs one down like an albatross around one's neck, especially if one is an economy.

Deflation.

Who'd have thought?

The price of gas goes below US$2 per gallon, and it scares me.

Oh, I've heard some people exalt over this development, but after all is said and done it's hardly cause for rejoicing. Come to think of it, just ask yourself: Are we better off now than a mere four months ago (when gas was over US$4)?

I think we know the answer.

Who'd have thought?

No comments: