That was the time when Enron and WorldCom were collapsing and investors were worried about a deflationary recession.

ECONOMIST: The money markets smell a wounded bank

It is true that the deflationary recession was caused by banks that had previously loaned themselves and the economy into insolvency.

FORBES: Deflation Isn't The Enemy

Bernanke believes a deflationary recession must be avoided at all costs and that prosperity can be found in a printing press.

FORBES: Europe's Solution Isn't More Inflation

We are a nation of borrowers, not savers, and therefore we will have no tolerance for a multi-decade deflationary recession that favors savers.

FORBES: Inflation Is Baked In The Cake

Difficult as it is to recall now, 2009 was a period of relatively subdued inflation, because of the deflationary impact of recession: taxes and benefits were uprated by an inflation rate which then turned out to be much higher than what actually happened to prices in the subsequent 12 months.

BBC: Will recession return to the high street?

Stocks could go down further and commodities may repeat their break from 2008, especially if the world goes back into a recession and would bring a deflationary environment.

FORBES: FOCUS: Financial Market Break Revives Memories of 2008

What are (were) the sources of deflationary pressure in the U.S. soon after the Great Recession?

FORBES: How Does The Current Economic Recession Compare To The Great Depression?

Bernanke knew that if the economy did slip back into recession, the country ran the risk of entering a deflationary spiral, which once started, is awfully hard to stop.

FORBES: Some Investors Concerned We Could Be Entering Another Soft Patch

One of our analysts at Independent Strategy, Daniel Casali, is convinced that China's deflationary impact is even more severe, particularly when the rest of the world is flirting with double-dip recession.

FORBES: Magazine Article