http://finance.yahoo.com/banking-bu...-of-Nations;_ylt=Ajp1oKWnTxrxpyRxRo_MZW67YWsA Wrong wrong wrong we aren't going to see a deflationary spiral and consumers won't cut back for long. We wont become a nation of savers. The core CPI has yet to fall. Food and energy prices are creeping higher. Although the economy & spending has contracted slightly, delfation is a non issue. It's amazing how such a nitwit could gain so much notoriety. Kugman is an opportunistic parasite spreading lies and fear.