Friday, December 7, 2007

No recession eh?

Let's see:

- 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
population increase)

- 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.

Ahhhh haaa.

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