Can the USA be protected from the world’s deflation?

• The commodities drop is broad. Bloomberg’s Commodity Index (of 24 separate commodities) has plunged to its lowest in 12 years. The index is down nearly 28% since its 2014 peak in May, and 43% since its 2011 peak. For some time the drop in oil had been chiefly explained by supply considerations, but the now broad overall decline in commodities underscores that demand is weakening.   Doug Kass 1/14/2014 on his blog “daily Diary”