English Lessons for WSJ: "Deflation" Means Falling Prices

It's unfortunate that people who actually do business deals might think that they are getting information from the Wall Street Journal. It had an article warning readers that:


"demand for loans hints at deflation."


There was actually not a single item in the article that suggested in any way whatsoever that prices would be falling. The piece did present some evidence of weakening loan demand, which would imply slower economic growth, but there was zero, nada, nothing to suggest that prices...

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Published on January 29, 2012 18:55
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