Economics Update

Let's start with the fact that this has been a TEOTWAWKI week.

That being said, we are seeing a huge increase in borrowing from the Fed Discount window, as a part of the Fed's sh^%pile for cash program.

OTOH, jobless claims did fall a bit, to 475,000 though they were at 7 year highs to begin with, and job creation is lagging.

Also, Oil fell to $82/bbl, the lowest in a year and gasoline is heading down too.

Also, the dollar continues to climb, as is the Yen.

In real estate, we are seeing mall vacancies skyrocket.