Grantham: Inflation down, deflation up

AGA7d

Commentary: Leading money manager now believes deflation is coming

In his just-released letter, Grantham wrote: "Well, I, for one, am more or less willing to throw in the towel on behalf of Inflation. For the near future at least, his adversary in the blue trunks, Deflation, has won on points. Even if we get intermittently rising commodity prices, which seems quite likely, the downward pressure on prices from weak wages and weak demand seems to me now to be much the larger factor."

hxxp://www.marketwatch.com/story/deflation-camp-gets-powerful-new-ally-2010-07-20