Special Deflation Report

I came across this interesting piece on deflation from Comstock Partners. In it the authors state their opinion that it is deflation that we still have to fear rather than inflation that is largely talked about as a consequence of the Fed's monetary policies and decisions.

I can understand the logic from both camps and the authors note that points as well throughout their analysis. Sooner or later debts will have to be reduced causing a pull in demand (which has and is likely still occurring)  and promises once made will have to rescinded.

Here is the link to the full report below.  The link includes some additional charts.