Sijin ChenSijin Chen–#The world economy will face deflation# The U.S. budget crisis has entered the final stage, and the U.S. national budget will dry up in two days. The U.S. government has two options: abandon negotiation and declare bankruptcy (this is very unlikely),  or raise the debt ceiling, draft a budget that reduces government expenditures and stick with it. Both will be catastrophic for the world economy, since either will lead to deflation! (Posted Oct. 15)