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To: Link Lady who wrote (16391)	9/13/1998 5:54:00 AM
From: John Hunt	Read Replies (1) of 18056

Threat Of Deflation Is Very Real nypostonline.com << Although the idea of lower prices may sound good, it can also translate into lower earnings for corporate America, generating lower stock prices, a slowdown in growth, and, if sustained, a recession. That's why even the Federal Reserve is paying attention. Up until recently, Fed governors, including Chairman Alan Greenspan, dismissed the possibility of deflation, a spiral of falling prices that prompts people to hoard cash rather than invest it. But Greenspan indicated in a recent speech that the central bank is taking that prospect more seriously. >>

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