You need no degree in economics to see this coming.
Like this morning's constant lightning display portended a big storm coming- current economic trends point only toward a downward slide.
Gas prices- watching here- the futures price for a barrel of oil is now just below $120- will only go up. Diesel is more than $4 per gallon and rising.
You'll pay more and more at the cash register to reflect this increase- not only in the manufacture of the product- but the increased transportation costs.
Food prices- see above for rises here- as well as our misplaced romance with this ethanol. This "romance" will continue to send basic food prices up- even while- with ethanol- we'll actually see LESS fuel economy,
Job market- if people aren't buying things- companies need less people to make and sell their products. You can connect the dots on this one yourself.
I don't believe any of these sunny analysts who say "America's economy has turned a corner and will get better."
The economy's turning a corner alright- the one that leads to a big- freaking cliff.
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