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Do you think there is any chance of Deflation in the US ?
If McCain gets elected (lets just pretend please. move past the political bullshit and talk economics.) and he doesn't bail out everyone related to the mortgage crisis do you think there is a chance of deflation in the US? Interest rates are already low, they couldnt go A LOT lower. On the other hand it seems like dumb americans are always willing to spend more, even when they don't know what tomorrow brings or how they will survive. That seems like it make it less likely.
I'm all liquid, no debt, money in the bank. I could use some deflation.
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