Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts

Sunday, September 7, 2008

Overwhelmed by the Options

Well, the price of oil and therefore gasoline has gone down since my last post. From $4.00 a gallon to $3.50. I'm curious to see how long it lasts. Of course the economy continues to sour, the unemployment rate went up to 6.1%, food prices continue to rise, and housing foreclosures/delinquencies continue to soar. I'm amazed the DOW is able to stay above 11000. With that kind of demand destruction I'm expecting the price of oil and gasoline to decline. But like the housing market, who among the rank and file give a shit if prices go down if you haven't got a job. I have a job thanks to the all these foreclosures, and the company I work for is hiring like gangbusters. I wonder what the Zeitgeist of the US will feel like when we've all become asset managers, debt collection specialists, or medical technicians. Debt and Death. The growth industries of the future.