As recently as 2013 (March 13), hardly anyone was interested enough in the prospects of deflation to conduct an Internet search on the subject.
At that time, the Google search phrase "Inflation for 2013" yielded 47,700 results. On the other hand, only 5 people in the entire world had typed in the phrase "Deflation for 2013".
Two years and five months later, deflation is getting a lot more attention. On Aug. 13, 2015, the phrase "Deflation for 2015" yielded 7,730,000 results.
Indeed, many financial professionals believe that the Federal Reserve is more fearful of the specter of deflation than inflation.
Read this article excerpt from TheStreet.com (Aug. 10):
According to TheStreet's exclusive survey of economists, money managers and other members of the financial community, deflation is a far greater worry for the Federal Reserve than inflation. TheStreet polled market and financial experts at this year's Camp Kotok gathering, which is an annual meeting of financial experts in Grand Lake Stream, Maine. Seventy-eight percent said deflation is a bigger worry for the Fed than inflation.
Although most of those surveyed see falling prices as a problem, the majority of those polled, 55%, still expect the Federal Reserve will raise interest rates in September. ...
Most of those polled by TheStreet believed that the steep drop in commodity prices provided the biggest economic surprise this year, and 55% believe weak pricing power will be the number one economic issue to impact corporate earnings over the next twelve months.
Meantime, the U.S. stock market is at risk for a correction over the next twelve months, according to the experts. Half of those surveyed believe it is "highly likely" that the U.S. stock market will have a correction over the next 12 months. Another 40% believe a correction is "somewhat likely."
You can review the entire article by following the link below: http://www.thestreet.com/story/13249482/1/survey-by-thestreet-finds-deflation-a-bigger-worry-than-inflation.html