LOL! So nobody ever bought a flat screen TV until it hit $238? Remember those snobbish pricks proud that they had spent $10,000 on a 42" flat screen?
Deflation is a disaster for those who are in debt. Now, who spake, Zarathrustra? Ah, a central banker. Now, they wouldn't be in debt, would they?
People are not going to put off buying basics such as food when prices are falling. They need food.
If "they don't purchase goods, services and large durables like cars and appliances right now," it's because they don't NEED them right now, just to keep up with the Joneses. And they'll be better off for it as they won't need more debt (gosh, there's that word again), and a central banker hates people who won't keep his Ponzi debt scheme going.
What a farce. And people believe this crap because it comes from a central banker.
