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Your Money: Understanding inflation, deflation |
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Thursday, 20 November 2008 |
A drop in the consumer price index is raising fears of an uncommon economic condition known as deflation. AP Personal Finance Editor Trevor Delaney explains the difference between inflation and deflation. (Nov. 20)
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Wall Street hits 6-year low |
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Thursday, 20 November 2008 |
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U.S. stocks touched lows not seen since October 2002 after a spike in unemployment claims added to fears the economy is rapidly sinking. Stocks made a sizable dent in early morning losses by lunchtime, but analysts warn of more volatile days ahead. SOUNDBITE: Liz Miller, president, Summit Place Financial Advisors Conway Gittens reports from New York. |
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Jobless claims jump to 16-year high |
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Thursday, 20 November 2008 |
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New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday, providing more evidence of a rapidly weakening job market expected to get even worse next year. (Nov. 20) |
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FED Lowers Economic Projections |
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Thursday, 20 November 2008 |
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11/20/08 The Federal Reserve lowered its forecast for economic growth for 2008 and 2009. |
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Thursday, 20 November 2008 |
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Susie Gharib from PBS' "Nightly Business Report" tells Maggie Rodriguez there is no magic number on Wall Street as the Dow plummets. Financial advisor Ray Martin has tips for confused investors. |
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