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Langer

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Issue:

American History

 

Written by:

Tony O

 

Date added:

November 10, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 617

 

Was viewed:

2524 times

 

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Essay content:

Bernanke and President-elect Barack Obama. Deflation could worsen what some economists already call the deepest recession in decades, by making debts harder to pay off and countering the impact of Fed interest-rate cuts. ``We are moving into an environment where prices are falling across the board,'' David Resler, chief economist at Nomura Securities International Inc...
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in New York, said in an interview with Bloomberg Television. ``That is going to continue. Deflation is spreading across the economy.'' Target Corp. is among retailers cutting prices in an effort to lure away cash-strapped holiday shoppers from Wal-Mart Stores Inc., the discount retailer that last week reported a gain in third-quarter profit...
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