The latest retail sales figures show evidence that the world's biggest economy is rapidly cooling under the weight of higher interest rates, a depressed housing market and skyrocketing gas prices.
Greenspan, No longer Chairman of the Fed, now says we have a one-in-three chance of a recession.
Good for him. He bailed before the fall, so now is successor will take the hit.
A real sign of skyrocketing prices that my wife and I saw yesterday at market:
A 24-bottle case of Aqua-Fina bottled water went up--overnight--from $4.97 to $5.97. That's REAL inflation, an almost 20% increase in cost... So it ain't only gas going up there, Greenie boy.
One of you do the math and tell me what the exact percentage of increase it was, so I can gripe with accuracy.
1 comment:
Gee, you think!?
If Bush and his backer-buddies don't push the economy off the ledge with this last year-and-a-half of gas-price-gouging, HITLERyClit (a/k/a: "The Shrike") and Nancy TheFloozy will when they bust the bank with sky-high taxes and HITLERyCare.
As the stern rises slowly into the cold, midnight air...
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