That's YoY price changes; deflation is now here even when measured by price (the symptom thereof, not the real thing). It was already here, of course, but now we can expect to see people asking the government to find a way to keep prices from coming down (insanity...)
And in other fun, here's the first negative disposable personal income in 60 years:
(hat tip: the above from Mike Shedlock)What kind of insanity might we expect people to ask from the government now that the chips are officially down? Price supports? Consumer dept-relief? Michael Moore in the White House (now that he's made all that money going after, to paraphrase Bill Hicks, "that anticapitalism dollar -- that's a great market!")? Whatever it's gonna be, hang onto yer hat and save your pennies, because money's getting more expensive, and that'll make debt even more so.
For more cheerfulness, head to EconomPic's latest labor force graphs.
