Friday :: Aug 3, 2007

Move Along, Nothing To Worry About Here


by Steve

MSNBC image

Fears of a credit crunch tanked the market at its close today. But remember, the Fed says there’s little to worry about with the subprime mortgage market and the overall economy.

This comes after we see an economy that supposedly generated a 3.4% GDP increase in the second quarter produce only 92,000 new jobs in July, raising the factually-suspect unemployment rate to 4.6%.

Steve :: 1:29 PM :: Comments (15) :: Digg It!