Inflation or deflation? You make the pick

Everyone seems worried about inflation. There's good reason to be concerned because the federal government is pumping billions of dollars into the system even as the economy recovers.

But what if we get deflation instead?

Speaking to a group of real estate investors in Fort Myers recently, John Jung, BB&T Capital Markets' senior managing director and chief operating officer, suggested a scenario of falling prices led by consumers shunning debt and becoming thriftier. Meanwhile, lenders may not finance America's growing debt without
demanding much higher rates, forcing government cutbacks.