Friday, November 21, 2008

The Global Economy's Big Fear Becomes Real: Deflation

A friend that works at a local department store is reporting that they are making $30,000 per day less than last year at this time, his store is full of merchandise that is not being sold and it does not appear that there is much hope things will change this holiday season.

When you take that little tidbit of information in context with this Time piece it shows that it is not just here in Northwestern Ohio, and not just in the United States but a global economic concern...

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