To all those screaming deflation lets something perfectly clear

http://www.federalreserve.gov/boarddocs/Speeches/2002/20021121/default.htm

Besides, Show me the deflation in food prices? show me the deflation in Rents and Housing, show me the deflation in fees for services, taxes and so on, show me the deflation in Energy, my utility bills keep rising, sure gas has come down pennies but nothing I would declare as deflationary at this time.
True deflation is in wages, the rest not so much.

Then again this is what the CB’ switch pullers want you to believe deflation is rampant when in fact its not.