"massive amount of baby boomers retiring/draining SS and medicare"
This is deflationary, at least in asset markets. Retiring baby boomers = pulling their money out of the stock market = falling stock prices.
"the disappearance of our manufacturing sectors"
Deflationary in consumer markets, inflation in asset markets, at least to the extent that it results in job losses and concentration of wealth among a professional/capitalist class. Wealthy people tend to spend a lower fraction of their income.
"the increasing commodity (food, oil) prices,"
This is an effect, not a cause. Saying that higher prices cause inflation (while somewhat true...see wage/price spiral) is circular reasoning.
"the need to pay back 100T+ debt owed to foreign countries and to ourselves"
Deflationary. Debt increases the money supply; paying back that debt reduces it. This is a large part of why the Fed's actions haven't triggered inflation: they're compensating for destruction of money as homeowners default in droves.
I was talking more about the economy with my list.
As far as deflation is concerned, there's deflation in things we want (houses, cars, luxury items), and inflation in things we need (food, oil, gas, utilities).
This is deflationary, at least in asset markets. Retiring baby boomers = pulling their money out of the stock market = falling stock prices.
"the disappearance of our manufacturing sectors"
Deflationary in consumer markets, inflation in asset markets, at least to the extent that it results in job losses and concentration of wealth among a professional/capitalist class. Wealthy people tend to spend a lower fraction of their income.
"the increasing commodity (food, oil) prices,"
This is an effect, not a cause. Saying that higher prices cause inflation (while somewhat true...see wage/price spiral) is circular reasoning.
"the need to pay back 100T+ debt owed to foreign countries and to ourselves"
Deflationary. Debt increases the money supply; paying back that debt reduces it. This is a large part of why the Fed's actions haven't triggered inflation: they're compensating for destruction of money as homeowners default in droves.