Good day, Bad day
GOOD DAY FOR: Massachusetts, after a new study found the Bay State the most likely to see strong growth at the end of this economic turmoil. The Information Technology & Innovation Foundation put Massachusetts at the top of its New Economy Index, which measures indicators such as entrepreneurship and innovation. (CNNMoney.com)
BAD DAY FOR: Being in debt, as consumer prices fell 1 percent in October, the biggest drop since the government started recording them in 1947. The drop in fuel costs was a big factor, but even “core” prices—excluding energy and food—dropped for the first time since 1982. Deflation will complicate the Federal Reserve’s efforts to temper the recession, making debts harder to pay off and offsetting the effects of the Fed’s rate cuts. (Bloomberg)
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