One of the many things that inflation/deflation guys absolutely cannot agree on is if prices are going up or down. The inflation folks love to say “I don’t know where they shop!” while us deflation guys have no shortage of discount shopping anecdotes.
ESPN’s Bill Simmons – not an economist, but a damn good sports writer – sees deflation taking hold in Major League Baseball (MLB):
Three facts since the economy went south: 87 percent of MLB clubs now offer tickets for $10 or less; 80 percent of MLB clubs now offer price reductions on merchandise and concessions; and 57 percent of the clubs now offer tickets for $5.50 or less on a regular basis.
Score 1 for deflation!
And you can check out our recent Deflation Investing coverage here.