I believe that this ends the 2008 recession officially.
But here's an interesting factoid:
Q3 inflation: 1.2% Q4 inflation: 1.4% Interest rates: close to 0%
Guess what this portends for interest rates.
If I did not refinance last summer for 30 years @4.875%, I would be refinancing now (5.22% on average last week).
I do expect that we will collectively become poorer (more exactly, our actual wealth as a nation will not change or will grow, but the number value placed on our wealth will become less), but that will occur through inflation, as opposed to deflation. This is my personal expectation that may prove wrong.i