In today's news; Wholesale prices in record plunge "NEW YORK (CNNMoney.com) -- Wholesale prices fell by a record amount in October as energy costs continued to decline, government figures showed Tuesday. The Labor Department's Producer Price Index (PPI) decreased 2.8% in October, after easing 0.4% in September. It was the sharpest one-month decline on record and much more than the 1.8% decline that economists surveyed by Briefing.com had expected." Wholesale prices in sharp decline in October - Nov. 18, 2008 It is so easy for us to look at everything through our own eyes and say "Of course this is good!"...but the fact is, it's not good for the economy ESPECIALLY if it continues. As the price of everything comes down, so do earnings and profits. With reduced earnings and profits come layoffs and crashing stock market and most of all, as the price of everything comes down, so too does the GDP. As you all know, this is the potential deflation scenario we are facing. If it happens, it's not good. If you need proof just consider that the last time it happened in the US we were in the middle of a DEPRESSION.