The Economy Is Out Of Gas
Posted on February 28th, 2008 by Steve Skojec
The Associated Press is reporting this morning that the U.S. Economy slowed in the fourth quarter of 2007 to a virtual standstill.
Recession talk grows louder, the housing market continues to decline, the dollar fell again this week as inflation went up after the Fed cut the interest rate and oil prices are setting records like an Olympic prodigy.
I don’t know if it’s better to be rich or poor when this happens. If you’re rich, you weather the storm better, but if you’re poor, you have a lot less to lose.
Filed under: Bankrupting America, Economics
