Fresh off the AP wire:
Inflation at the wholesale level plunged at a record pace in October, led by big declines in the price of gasoline and new cars.
Wholesale prices fell 1.6 percent last month, tying the record decline set in October 2001, the Labor Department reported Tuesday. It was the second consecutive big decrease, following a 1.3 percent fall in September. [....]
The good news on wholesale inflation was expected to be seen in falling consumer prices as well. Analysts were predicting that prices at the retail level should drop by around 0.3 percent. The government will release that report on Thursday.
And since it's after the election there is no warning that things look good but breadlines are just around the corner.
Clarice Feldman 11 14 06
Thomas Lifson adds:
So much for the ruthlessness of the supposed Bush Crime Family, which the nutroots like to tout. This information was not rushed to the public in time to influence any votes.
Share