Deflation??

I do not ever recall hearing that word while studying economics in school. And if the word was covered, I guess I did not pay enough attention.

But in seeing what is going on with the economy in the country right now, the following article explains the word and what it means.

I would say that we ARE in the beginning of a great recession (depression), the likes of what have not been seen since the 1930s.

It has affected me personally as I recently got laid off from a job that I held for 10 years. I am now thick in the search of looking for a new job and let me tell you that things are not easy at all. Some people are looking but many are not and quite a few people are letting their employees go for lack of business.

I sure hope our new government coming into office this coming Jan. can figure out a way to reverse this downward slide and help to boost our economy and all that it entails into a forward movement.

Read on for more on deflation:

Chilling economic omens - JSOnline