It’s happening now as we speak. The American economy is tumbling faster than you can say Alicia Sacramone. During November, retail prices plummeted at record speeds, and now after all the pain in the ass inflation we’ve dealt with, we may just have a new problem on our hands: deflation.

The New York Times reports:

Retail prices fell at their fastest rate on record in November as oil prices continued to tumble and retailers and auto dealers slashed their prices to woo back anxious consumers.

The Labor Department reported Tuesday that consumer prices fell 1.7 percent in November from the month before, led downward by tumbling energy prices, which fell 17 percent over one month as the demand for gasoline and oil eclipsed.

The core rate of inflation, excluding volatile food and energy prices, was flat.

Meanwhile, new data showed the nation’s housing market continuing to lag…

In just six months, economists who had fretted about out-of-control inflation as oil peaked near $150 a barrel are now warning of deflation as prices drop as the economy grinds into a lower gear.

Are you saying WTF!? Me too! Let’s contribute to American commerce by buying some Jack Daniels to drown our Depression depression.