Tuesday, August 28, 2007

A Threefer

In today's economic headlines, home prices declined by a record 3.2% with unsold housing inventory way up, and credit card defaults are way up. And remember, the worst of it won't be over until March of next year. The Fed is on the hot seat to cut interest rates, but a lot of folks see it as a bailout of greedy wall st. bankers. Meanwhile, inflation remains steady.

Happy days are here again!

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