Cold weather, falling wages, bizarre fluke? The real reason consumers aren't spending is... defensive, deflationary psychology By Elliott Wave International Editor's note: You'll find the text version of the story below the video. Learn What You Need to Know NOW About Deflation Get Your Free Report Now » When 2015 began, the mainstream financial experts were certain of one thing: Even if the United States economy were sliding into deflation (which, they said, was open to discussion) that particular kind of Glinda the Good deflation, characterized by plunging energy and food prices, was going to be a boon for consumer spending: "Good deflation a tax cut for … [Read more...]