Check out this article about GM Europe slashing car prices by 40%. http://www.bloomberg.com/apps/news?pid=20601087&sid=aBK5dmsP375w Check out this article making a solid case that high end home prices will fall well into 2012 (and that's if we're lucky; it could be well into 2014 or 2015, depending). http://www.bloomberg.com/apps/news?pid=20601109&sid=aXQ2MXGoSysw Check out this article stating dairy farmers are killing their herds because wholesale milk prices are where they were in the 1970s, and it doesn't make sense to feed them. http://www.poynter.org/column.asp?id=2&aid=164939 And meat cows (feeders). http://www.meatinternational.com/news/processing/weekly-north-american-market-update-id1516.html Do you see a trend here? I could on with category after category, but I won't. I'll spare you. Suffice it to say, look for deflation, sometimes crushing deflation to set in big time now that the bailouts are not 'doable' politically anymore, and given the fed's aversion to keep expanding its balance sheet or borrow any more money than is required to meet fixed spending obligations, which means no growth and the end of stimulus. Deflation has hit the beaches at Normandy, and despite taking a few hits at first landing, with rising oil prices, etc., has soundly wiped out the bunkers of inflation, and has established a strong position to work its way inland. Deflation is the nefarious enemy, seducing consumers and businesses alike to delay as much spending as possible, even the 'stuff' that's essential, based on the expectations it will be cheaper next month, next year, and further down the road.