historycircus

I listened to an economist interviewed on NPR earlier this afternoon, and he suggested that while lower gas prices immediately reduce the pressure on individual pocketbooks, lower prices across the board (gas and other goods) is symtomatic of deflation.

Is there an "-ation" or "-ession" that the western economies won't be facing soon?

I'll add and "-ed" in there too, and leave you all to fill in what precedes the hyphen.