CPI falls by largest amount since 1932

US consumer prices fell in November at the fastest rate since 1932. The CPI fell by a seasonally adjusted 1.7% and by 1.9% on a non-seasonally adjusted basis, the biggest decline since January 1932, at the nadir of the Great Depression.

Full-on deflation is here. All the bullshit you've heard all your life about how another Great Depression can't happen because of circuit breakers in the system is just that ... bullshit.