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The members agreed "that there was only a remote possibility" that disinflation, in which prices increase slowly, would lead to deflation, in which prices actually decline.
Apparel has become an extremely tough business in which prices have been falling continually.
A bullish market is one in which prices are generally expected to rise.
Most stock exchanges are auction markets, in which prices are determined by competitive bidding.
After all, this is essentially a cyclical business in which prices habitually yo-yo.
More than that, they couldn't conceive of a world in which prices fell.
And there are other cases in which prices are better without rebates.
The flood of new arrivals created an overheated real estate market in which prices soared.
It's a dizzy, giddy maze of shops in which prices are highly negotiable.
Better "nanosecond" price discovery comes at the expense of a market in which prices reflect less well the underlying fundamentals.
So a period in which prices grow in line with, or preferably by less than, incomes now looks overdue.
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CEO of Professional Science Editing for Scientists @ prosciediting.com