I'm on the deflation side of the fence
Were still in the minority XL, which is a good thing, let the crowds still believe the inflation hype...
The Print Press, just can not keep up with debt destruction. Again we'll go against the herd and say we need alot more printing of paper.
Webster's meaning of Deflation which is so appropriate to aviation....
A fall in the average prices of goods and services; - usually associated with contraction of economic activity. Opposite of inflation. Compare disinflation.
The reduction of available credit or a contraction of economic activity resulting from or associated with a decline of prices.
Bit more esoteric view....
Ben Bernanke blue print out on how to Prevent Deflation and see how were doing..
http://www.pprune.org/jet-blast/3437...ml#post5054220