She drops the Mic and walks out.

It's official: America has deflation.

Good news? After this time - I'm likely done banging the deflation drum. More businesses are dying then being created. By the time President Money Bags leaves he will have killed enough industry to cause inflationary pressure.

Sadly, I think it will take the rest of his Presidency to achieve the Fed goals. Once a new administration takes office and people start to feel more comfortable - they start doing what comes naturally. Spending money. Then inflation becomes nervous making.

The housing market is already showing cracks of seven years of far below normal building activity. That will be a huge inflationary pressure in coming years. It's the longest spread of time of recession level building activity.