Economy imploding.

In prior posts I have discussed the precarious position of our economy. We import a lot more than we export. Soon the chickens will come home to roost.

Following the sharp drop in stock prices Monday, today the news is that the sharpest drop in new home sales occurred last month. October had a plunge of 39% in new home sales for the northeast.
On a more positive note, inflation has not yet taken off, but it will when the high price of oil hits home. Also the devalued dollar will make raw materials as well as products more expensive.

Still, let us smile at our little corner of the galaxy.
Amanda from rocketboom talks about the universe.