There’s no denying that the entire allure of CountSpin is based on deflation — face it, you can’t get enough of the thrill of seeing that discount meter spinning while the price drops!
That said, it is worth noting that there are those who don’t see falling prices as something to cheer about. Just ask the Labor Deparment who were none too pleased to report this week that the US is experiencing the biggest drop in prices since they started recording this sort of thing in 1947. To be sure, deflation in this context is symptomatic of a slowing economy which just seems to add to the recessions fears all around. Check out the story on BBC.
But just as our humble contribution towards spreading some Cristmas cheer, here’s an article from the New York Times that may appear like it went to press this week, but is actually from 2003 when everyone was worried about — you guessed it — deflation. Well, the circumstances this time around are totally different… agreed, but then again, the more things change, the more they stay the same. Meanwhile, at CountSpin, we celebrate deflation everyday… all day long!