Langer

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Title: Langer

Essay Details:

Subject: American History

Author: Mistie A

Date: August 5, 2014

Level: University

Grade: A

Length: 3 / 617

Essay text:

Bernanke and President-elect Barack Obama. Deflation could worsen what some economists already call the deepest recession in decades, by making debts harder to pay off and countering the impact of Fed interest-rate cuts. ``We are moving into an environment where prices are falling across the board,'' David Resler, chief economist at Nomura Securities International Inc. in New York, said in an interview with Bloomberg Television. ``That is going to continue. Deflation is spreading across the economy.'' Target Corp. is among retailers cutting prices in an effort to lure away cash-strapped holiday shoppers from Wal-Mart Stores Inc...

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