The Specter of Deflation: Shilling, Prechter and Makin Take a Pessimistic View.

Independent economic researcher A. Gary Shilling's last two books have been all about the "D" word, and he is still a true believer. The Elliott Wave Theorist's Bob Prechter's latest book is "Conquer the Crash," in which he talks about a coming deflation and how to cope with it. John Makin, an American Enterprise Institute Scholar, who also works the hedge fund side of the Street, hasn't published a book on deflation,

but says he "probably should. I'm really looking at continuing disinflation and the Fed's seeming indifference thereto." And John has written copiously a