Friday, August 06, 2004

Economy's a Mess

New job creation numbers out today prove its all going to hell in a handbasket. And we should stay the course? What course -- the one to hell? Oh but don't forget we're turning a corner. Yeah, right.

Billmon has a great piece up today on how the economy is tanking. Between the rising price of oil, the mess in Iraq, sluggish consumer spending, and non-existent job creation, there's no other conclusion than that the economy is slowing to a virtual stop.


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