Street Smart: Do You Know What Deflation Is? [Video]

While everyone hates inflation, deflation has instant emotional appeal: Who doesn’t like a bargain? But deflation is a far more serious economic problem than inflation — and, as we found, most folks don’t really know why. Do you? If not, no worries: Economist Gary Shilling will explain the reasoning. [Video]

Continue reading Street Smart: Do You Know What Deflation Is? [Video]

Street Smart: Do You Know What Deflation Is? [Video] originally appeared on DailyFinance on Wed, 17 Nov 2010 12:00:00.

Filed Under: , , , , ,

Annual Core Inflation Drops to 0.6%, the Lowest Ever

The nation’s struggle to prevent deflation is apparently only just beginning. The 12-month core rate (excluding food and energy prices) fell to a record low 0.6% from 0.8% in September. Clearly, the Fed has more work to do.
…

Face-Off on Stocks: Macy’s, J.C. Penney, Kohl’s [Video]

The nation’s three biggest department-store operators have been disproportionately pinched by the downturn in consumer spending. That’s what happens when you’re stuck in the middle of the retail-price spectrum during a period of sagging home values and lofty unemployment. [Video]

Continue reading Face-Off on Stocks: Macy’s, J.C. Penney, Kohl’s [Video]

Face-Off on Stocks: Macy’s, J.C. Penney, Kohl’s [Video] originally appeared on DailyFinance on Tue, 16 Nov 2010 17:50:00.

Filed Under: , , , , , , , ,

Dow Dives 178 Points on China Interest Rate Hike Fears

The Dow tumbled Tuesday as part of a global sell-off in stocks fueled by further speculation that China will hike interest rates to fight inflation and renewed worries over the wobbly finances of Ireland, Portugal and Greece.
…