If John Maynard Keynes is right and there real stickiness with prices then just maybe worst is over for economy.

If John Maynard Keynes is right,and there is a real stickiness with prices(another words prices don't move lower for long time in bad economy)then just maybe the worst is over for the economy.According to Keynes,the last thing a businessman does cut prices,in bad times the first thing will be cut back on overtime,then you don't hirer anymore workers,then you might layoff workers,and finally out desperation to create demand you lower prices.So when prices are lowered or deflation,it maybe a sign that unemployment has peaked and just maybe the beginning of the end bad economic times.However,in the 1870's to 1890's in most of the world especially the U.K there was world depression,although  the U.S was hit by the panic of 1869 and 1873 and 1893which cause much economy distress, but they were short in duration but not so with U.K and Europe as a whole.The down turn in the economy, was caused by two factors:one, more efficient modes of transportation,railways and the opening of the Suez Cancel,which lead to much cheaper goods,hence businesses can't make money,economists call that creative destruction,add a tight monetary policy,most countries were on Gold Standard,hence,good were cheap but less money to buy them and less margin for profit.  
The world has truly become upside down,when Russian leader Medvedev says Russia might use stimulus(i.e Government actions) to help the economy but he worries about too much state inference with economy.Boy this isn't the world I grew up in.
So many central banks are buying bonds these days,you do wonder when it end and how? Maybe a bubble? The policy doesn't seem to be working,but policy makers I think don't want what to do.So we are quagmire economically.