I really try to be a "glass half full " kind of guy. Even in these tougher than tough times we are living in, I try very hard to find the good in D.C.
As the number of jobless climbs, I know at least one guy that believes times are getting better.
As the number of jobless climbs, I know at least one guy that believes times are getting better.
You guessed it, B.H.O.
It's too bad he doesn't see that consumer confidence has taken a nose dive, along with how people feel he is handling the economy.
The rise in jobless claims, which took them just above the 400,000 threshold, is unlikely to change perceptions that the economy will dodge another downturn. Claims below the 400,000 mark are usually associated with a stable labor market.
Then there is the Stock Market. This rollercoaster is better than any you have dared to get on at any amusement park.
As I am writing this, the DJIA has fallen another 500 points ! I know it could recover by the end of the day, and I hope it does.
It's the fact that that the distance between the swings that should have everyone a little bit edgy.
There are economist that believe the Dow could fall below 7000. Go I have posted and see what you think.
http://247wallst.com/2011/06/28/why-the-dow-will-plunge-to-7000/ Let's hope this doesn't happen again.
YOURS IN LIBERTY ! ! !
Bob Yeager
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