This article also helps break it down:
http://useconomy.about.com/b/2008/11/20/deflation-greatest-threat-to-us-economy-right-now.htm

Energy costs are dropping, as are home prices. We are experiencing it already. The question is: does it go across the board?

I've noticed it already with my father's business: he is a beef farmer, prices have gone down and will probably continue to go down (after a possible bump from the holiday season- fingers-crossed). He is receiving less profit on his turn around from buying feeder cattle, rasing them, and then selling them when they are full grown and ready for steak, etc.

http://narcosphere.narconews.com/notebook/al-giordano/2008/11/us-secretary-state-cautionary-tale

Please note, while the post starts out talking about the 90's this goes all the way up to Senator Clinton in October of 2008.

"So it's only going to get worse before it gets better." -- Greg.

Yep, that sounds about right too.

In other news my uncle has lost 40% of his retirement funds in the last 3 months, now he'll stay in his job for years, and nobody will move on up. Meanwhile, the same thing happens across the nation. I will probably end up working on my dad's farm again, one cum laude Bachelor's degree and five years later after searching for a steady job.

The pit grows... I think it will be a diamond soon under all the pressure.

Let's hear it again for....