市场主体在通货紧缩时期的预期方式是前瞻性预期强于后向预期，通货膨胀时期预期以后向为主。
The market subject tends to hold forward expectations in time of deflation but backward expectations in time of inflation.
在通货紧缩的时期，凯恩斯正在鼓出绝对的“价格相对于成本下降”这样一条理论。
Keynes was writing about an absolute "fall in prices relative to costs," during deflation.
但是在趋向通货紧缩的时期，一个有趣的事情发生了：黄金于10月份触底反弹，之后就上涨至今。
But a funny thing happened on the way to deflation: Gold bottomed in October and has been rallying ever since.
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