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Breaking Financial News: Economic Depression

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  • News Reporting Agency
    Irving Silverbaum recognized as a leading world economist is warning of a severe possibility of an economic depression. The affect of what is happening in
    Message 1 of 1 , Sep 30, 2008
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      Irving Silverbaum recognized as a leading world economist is warning of a severe
      possibility of an economic depression. The affect of what is happening in Washington
      will impact the average citizen in this manner: The devalued dollar is creating
      inflation for instance a loaf of bread cost $1.99 twelve months ago, today
      that same loaf of bread costs $ 3.29 and in one month it will cost $5.49. This
      problem is coupled by the extraordinary tightening of credit meaning that consumers
      will no longer have availability of credit and will have to pay cash for their
      purchases. Needless to say millions of people cannot afford to do this. Very
      few companies are prepared to assist consumers through this difficult time.
      The company that leads the industry in consumer savings at http://usafooddiscounts.com
      remains committed to assisting consumers.

      -News Reporting Agency



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