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In Depth (Deflation) #729644

NBC Evening News for Thursday, May 29, 2003
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(Washington: Tom Brokaw) Federal Reserve Board chairman Alan Greenspan’s warning about deflation noted.

(Bonifay, Florida: Bob Faw) A look at how falling prices can drag down the entire economy presented. [Shirt factory owner Terry PRICE†- comments on the possibility of laying off workers.] [Employee Annette BROOKS†- says the less money they get for the product, the less money we make.] [Economist Gary SHILLING†- comments on the cycle of deflation.] [Shirt wholesaler Jay BONCK†- says deflation over a long period may run this industry out of the country.]

Reporter(s):
Brokaw, Tom;
Faw, Bob
Duration:
00:02:40

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