The Washington Times - November 20, 2008, 06:50AM

The Dow Jones Industrial average hit a five-year low yesterday when it closed below 8,000, Patrice Hill is reporting.

On top of that, economists are worried that deflation — the rapid loss of value — is occurring.


First they were worried about inflation, then stagflation and now deflation. Do you sometimes get the feeling that these guys don’t know what they’re worrying about?