Gothamist: Consumer Prices Fell Record 1% in October

r photo

Wed, 19 Nov 2008 12:25:59 -0500

I'm pretty sure Ford and Chevy have fairly strong holds on European economy car markets, but now that the world economy is facing a down-turn (is it still? I haven't heard much about it in the last week or so) are they just asking for hand outs because everyone else is? What's next, oil companies asking for more money while raking in huge profits?

edEx

Wed, 19 Nov 2008 11:50:01 -0500

chief executives of Chrysler, Ford and Chevrolet I watching this hearing on CSPAN last night and these executives were outright lying. They have so many overseas investments they can be pulling from it's ridiculous. Jon Tester ([D] Montana) kept asking questions regarding why they needed the bail out money and the execs couldn't answer the questions truthfully, they were stuttering and looking up in search for answers (a tell-tale sign of lying)—it was pathetic.

optimist

Wed, 19 Nov 2008 11:22:56 -0500

Deflation may seem like a good thing, because things cost less. However, its only good for people who have money in the bank as it grows in value but not for people who have debt, because it also grows... And the eventual result, is bad for everyone. Prices decline below the cost of producing the goods (and paying employees). So salaries have to be cut, and cut, and cut, thus reducing the buying power, etc. People just wait on buying anything they can hold off on, because they know if they do, they will get a better price 'later'

drewo

Wed, 19 Nov 2008 10:38:46 -0500

Stocks are mixed Messages are mixed: Spend money, save money, you have no money, give me money, prices are down, sales are down, you have no job, you have no retirement savings, stimulate the economy, pay down your credit, buy things you don't need and can't afford, it's holiday time!