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washingtonpost.com - 12/17/2008
Consumer Prices Fall at Record Rate for Second Month in a Row
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Washington Post Staff Writer Tuesday, December 16, 2008; 10:54 AM

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Hullabaloo

Brilliant at Breakfast:  Just kicking an idea out there...

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Hullabaloo — ... The other worry is deflation; consumer prices fell at a record rate last month, which means that retailers can't sell enough to make a profit, which means they cut jobs, which means less people have money, and prices have to drop to sell anything, etc. Nasty business. While Kevin Drum ...

Just kicking an idea out there...
Brilliant at Breakfast — ... That the American people don't have the appetite to go deeper into debt than they already are in order to make new purchases is hard to dispute. In November, consumer prices across the board fell at a record rate for the second month in a row. And even with mortgage rates plummeting, so many homeowners are "underwater" -- owing more on their homes than they're worth -- that they're unable to refinance because the equity isn't there. Paul Schuster, a vice president at Marketplace Home Mortgage, told the ...

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