Quick morning paper scan
It sounds like good news, but apparently not. Prices for groceries, clothing, entertainment and other goods and services fell in October. While some economists were quick to say the worries of inflation are over; others say deflation is now possible. sheesh. Meanwhile housing prices continue to fall and new home construction fell to its lowest rate since 1959.
In Washington D.C., automakers continue to beg.
And the Dow Jones this morning at 11 a.m. ET is down more than 100 points.
And some vaguely familiar character says, Let Detroit eat cake
In Washington D.C., automakers continue to beg.
And the Dow Jones this morning at 11 a.m. ET is down more than 100 points.
And some vaguely familiar character says, Let Detroit eat cake
About this blog
Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.
Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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