Tuesday :: Nov 28, 2006

Warning Signs


by Steve

AP graphic

The media is just now noticing that the falling dollar, plunging durable goods orders, falling home prices, over 300,000 weekly first-time filings for unemployment insurance, soft retail sales and profits, and slackening home construction may add up to a problematic 2007? You mean the happy and meaningless talk about the low unemployment rate, and Bernanke’s comments about how we’ll overcome the housing problems in 2007 aren’t working?

Better late than never, I guess. After all, things are swell for the top 1%.

Steve :: 5:04 PM :: Comments (13) :: Digg It!