The deflation "recognition phase" has finally arrived. Kroger foods, Costco, and Walmart are blaming deflation for a drop in earnings. Moreover, many high profile names are discussing deflation, something most thought could never happen.

The author of this blog is obviously somewhat radical but the collection of datapoints here is valuable regardless of your opinions on financial policy. Clearly, we have entered a deflationary period for the first time since the 1950s.