What Deflation Means for Your Money
(Wall Street Journal) — Could Japanese-style deflation happen here? And if so, what would it mean for you and your money? Can you prepare in case it hits? Let’s take these in turn. Is Deflation a Risk? You’ll hear plenty of voices on Wall Street telling you there’s no serious chance of deflation. Trouble is, they have a terrible track record of predicting these big, paradigm shifts. Over the past decade, few predicted the bear market, the housing collapse or the financial crisis. Their assurances need to be taken with a fistful of salt.
