We’ve all read those Fly comments about how dreadful it looks for the retail real estate sector next year…… How we’re going to see thousands of retail outlets closing down by the truckload in 09. That’s true.
Admit it, it’s also enjoying watching the retailers writhe in agony having to discount sometimes 30% over the 50% [...]

I’m almost at my wits ends reading people’s comments abusing economic terms they don’t understand. Deflation this deflation that. Almost every single comment I see discussing deflation is a suggestion that we’re entering a  deflationary period.
Even the idiot professor Roubini is incorrectly using the term.
Why are they saying this?
Because credit markets have had a second [...]