Here’s your latest news from the war on deflation (we’re losing the war):

U.S. consumer prices fell in November at the fastest rate since 1932
http://www.marketwatch.com/news/story/drop-consumer-prices-most-since/story.aspx?guid=%7B45513693%2D102D%2D4A67%2D8859%2DC73778BF4777%7D&dist=TNMostRead

Here’s a tip: deflation is not good for TIPS

Here’s a riddle: if you hold a bond paying 3% in an economy experiencing 10% annual deflation, what rate are you “earning” on your bond?