Confusion is when all of these happen in this particular sequential order
Recession, Deflation, Reflation, Depression, Inflation, Hyper inflation, Stagflation.
You will never find these in your economic books. Just learn from the recent events in US, UK and Asia.
Some school of economists:-
Deflationary Depression then Hyper inflation
Harry Dent
Robert Prechter (Conquer the Crash)
Inflationary Depression then Hyper inflation
Peter Schiff (Crash Proof)
Marc Faber
Jim Rogers
Adrian Salbuchi
Andy Xie
Depression
Webster Tarpley
Lindsay Williams
Tom Woods (Meltdown)
Goods and Investments Assets (Financial Assets)
Deflationary Depression means all class of investment assets will collapse, stocks, commodities, real estates, bonds and other financial assets
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