15 April 2008

Economics Update

The dollar is tanking again, this time on inflation worries, and Oil is above $113/bbl driven by demand and by the falling dollar.

In real estate, foreclosures rise are up 57% over a year ago, 5% over February, and I don't see that number leveling off any time soon.

Just in case you are wondering, the New York Times is looking at the Wave of Bankruptcies that are sweeping mid tier retailers.

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