Friday, April 11, 2008

Federal Reserve worried about deflation in 2002, it seems...


Federal reserve was recently cited to announce that during the year of 2002 they have been worrying about the possibility of seeing a deflation thanks to the decision of cutting the key interest by half point! They say that this decision could bring a later recession and cut of prices... And isn't that what we are about to face in the near future? It sure is!
Some of the thoughts from the specialists seem to be starting to be officially confirmed...


Best regards