- foreclosures at all time high
- consumer confidence at 2 year low this morning
- new jobs drop from166K in Oct to 94K in Nov (it takes 150K a month just to keep up with
- GM, Chrysler and Ford are cutting back on production in January due to lack of sales
- Palm's profits fall due to slowing sales
And yet the news today is that a recession will most likely be averted.
Friday, December 7, 2007