Pat C

Unemployment by the Numbers: Layoffs Since November 1

This is a classic description of deflation. This is what we are headed into, no matter what Bernanke and friends have to say or do. We're going down into the forge, and it won't be easy. We have to be re-made, we have to have our weak metal reforged into a new and better sword.
Well spoken Mr. Clark, you get it, now for the rest of us.