'Til it's over

Steidtmann, Carl
May 2008
Progressive Grocer;5/1/2008, Vol. 87 Issue 6, p128
Trade Publication
The article looks at the condition of the U.S. economy. The U.S. economy is in a mild recession that is being driven by a deleveraging of the banking system. Federal rate cuts have sent the dollar down 13 percent since August 2007. At the same time, inflationary expectations are rising, as prices for commodities like gold and oil have hit record levels. Consumer spending is impaired by high debt levels, declining employment, falling home prices, and rising energy prices.


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