“We’ve been covering the writing and prognostication of economist David Rosenberg (the economist at Gluskin-Sheff) for years. And though he’s been known as a permabear, his real consistent theme is not bearishness, but a belief in an ongoing deflationary or disinflationary trend. One need only look at the year over year change in core CPI to see that inflation remains at levels that are the lowest in decades. Interest rates also remain incredibly low though they’ve come up a bit lately. The question of whether the economy remains in this kind of trend, or finally reverses course is perhaps one of the most crucial questions of this moment.”

http://www.businessinsider.com/david-rosenbergs-big-call-on-deflation-2013-8

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