Spidey:

As of now, the strugggle as to whether we get inflation or deflation remains unresolved. Acordingly. one need keep a foot in each camp. About the only asset that has a history of doing well in both inflation and deflation is precious metals but on a delay in the case of deflation. Oil will be an inflation hedge. Realistically, however, one need do contingency planning which encompasses both potentials and then hope your planning has been done well! By the way, if deflation wins out, then the US $ is expected to be the best asset. Go figure!!

Brian