Fortunoff to liquidate

A sign of how troubled the economy is, venerable retailer Fortunoff's is liquidating it's assets beginning this week. Fortunoff's was a longtime jewelry destination for many people. With the tanking ecomomy, jewelry is one of the first things to take a hit, being considered more of a luxury than a necessity. Even Zales reports that sales are down 18% in the last quarter. While Bernard Bernanke said that he thought the recession may end in 2009, others believe it will more like 2010.