The Financial Crisis has Wiped Out $6.7 TRILLION already since the S&P 500 High of Oct 2007. The Feeling is Much More is yet to come especially after Wednesdays announcement of NO BAILOUT for GM & Ford. The Selling was so Intense on the NYSE that there were 2943 DECLINERS while only 158 companies traded positively. [...]
Posts Tagged as ‘deflation’
2008/11/14
Deflation or Inflation You Gotta Eat
October Retail Sales and prices of goods imported to the USA dropped by the most on record pointing to a rising danger of Deflation. Deflation is caused by a collapse in demand and is associated with Recession and in this case it certainly appears to be a long term economic depression. Money & Products : Supply & [...]
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