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Economy: Holiday Sales / Deflation #912349

ABC Evening News for Thursday, Nov 20, 2008
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(Studio: Charles Gibson) Report introduced.

(New York: David Muir) The negative implications of plunging holiday sales prices examined; statistics on items dropping in price cited; details given about the fears of deflation in the retail industry. [Three SHOPPERS - show item prices.] [Mesirow Financial economist Diane SWONK†- talks about "deflation."] [University of Chicago school of business professor Erik HURST†- talks about the cars business.]

(Studio: Charles Gibson; Washington: George Stephanopoulos) The impact of the power vacuum in Washington on the economy and the need for President-elect Barack Obama to get an economic team in place to get a vote in confidence from Wall Street discussed.

Gibson, Charles;
Muir, David;
Stephanopoulos, George

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