I'm confused. Oil at $75/barrel, the dow sliding down like my pants when I don't wear a belt. Is this not a recession?
This picture is from TODAY (1:30 pm CST)
I have a feeling that the market and the industries that make the biggest punch are clearly showing the fears that are beginning to appear with the anticipated election of Barrack Obama lama dama ding dong. If you notice up in the picture Paulson says the economy will rebound in time. I'm pretty sure someone made the same statement during the Great Depression. If Obama is elected and he hits us with the taxes that will come to "spread the wealth" aka make sure the poor NEVER have to work, then I am sure this will just be a bump in the road compared to the economic sink hole thats coming. I don't know about you guys, but if I synch my belt any tighter I'm gonna lose the feelings in my legs.
