A lot of people have been saying that the United States may be heading for deflation. The Republicans may have taken control of Congress, but I don`t see or hear much evidence for that yet. We will wait and see what happens in relation to that, but I have suspicion that by this time next year, maybe we`ll see some movement on that front.
Disinflation would be nice; dropping prices in North America and the pauperisation of the United States. The country may be the sick man of North America for the next ten year, harming global capitalism in the process.