Excerpt: [W]e'd need deflation for the next two months in order to have a third quarter that would keep the 2007 elective deferral limit flat at $15,000 .... Conversely, we'd need the annualized inflation rate to go ballistic up to more than 40% for each of the next two months in order to jump up to a deferral limit of $16,000, and the Fed would shoot the economy before that would happen.