I was listening to business radio this morning on the way to work. The economist being interviewed was in shock that neither the market or the treasuries were responding to the PPI, trade deficit and employment numbers. He mentioned that the delay in releasing the the PPI had to be because the number needed to be verified because it was so high. Jimmy Carter was in the next sentence...
So in short, we have a tanking dollar, weak employment, weaker employment prospects, a decline in tech sales, a record trade deficit, a manipulative machine running the economy, spin masters running the flow of information, a growing budget deficit and a spend happy government.
We also have skyrocketing health insurance costs, increasing home insurance costs, increasing phone and cable costs now that the little guys have been forced out of business and the 1996 telecom act has removed price regulation, skyrocketing fuel costs and ultimately an increase in the likelihood that we set ourselves up for another decimating terrorist attack because we plan to annex Iraq.
Lovely. |
