TITLE

'Til it's over

AUTHOR(S)
Steidtmann, Carl
PUB. DATE
May 2008
SOURCE
Progressive Grocer;5/1/2008, Vol. 87 Issue 6, p128
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
32443979

 

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