17 August 2008

Economics Update

You know that the economy is bad when you go broke filling people's Jones for chocolate chip cookies, but Mrs. Fields cookies is filing for reorg under chapter 11.

The dollar is down a bit, because there is concern that the Fed won't raise interest rates soon.

Honestly, they won't raise rates before the election, because that is what the Fed does.

Oil is up a bit, on concerns of the effects of tropical storm Fay on rigs in the Caribbean.

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