Recent Soviet arms control proposals are far less benign in terms of their likely impact on stability and Western security than they may at first appear.
Today, though, deflation is more likely to resemble the malign 1930s sort than that earlier benign variety, because demand is weak and households and firms are burdened by debt.
It'd be easy to conclude that we're seeing cracks developing in the old Wintel bond, but we reckon it's more likely that Chipzilla is simply finding the wrong words to express otherwise benign thoughts.