[A4ET8a8uTh0]

I think I agree. A lot of it is models that don't predict things ( but that is waved away by saying those are not complex enough to reflect real life ), psychology and opinions.

Personally, long term I am perfectly willing to accept that deflation is a bad thing for society, but at this time? We should welcome deflation with open arms. Things are way out of whack already and decent price correction is needed for just about everything.