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Essay specific features
Written by:
Tony O
Date added:
November 10, 2014
Level:
University
Grade:
A
No of pages / words:
3 / 617
Was viewed:
2567 times
Rating of current essay:
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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