Tuesday, May 15, 2007

Store sales down

Walmart reports slow sales and earnings; home depot also reports that sales are soft. We are slowly entering a recession. Gasoline prices have soared leaving little money in the pockets of people. Poor people have been hit the hardest.

My prediction of a recession is coming true. Expect the democrats to win big in 2008 as the economy tumbles. We are seeing a big drop in spending on big ticket items like houses, cars, etc. The economic engine is sputtering.

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