Our economies are bloated by QEs, low interests and other stimuli, and the lack of real risk-taking.
That deflation is not curable with factory produced inflation but only with the type of sturdy growth that can justify the relative values of all assets. You do not live on existing assets alone.
You cannot grow muscles by staying in bed just eating fats and carbs... you need exercise and proteins... even if "risky"
Way back I had a feeling this had to come sooner or later.