No Jobs?

Well, we now have the worst decline in jobs in five years with the economy going into a deep decline this February. The combo of record foreclosures, record high oil and a declining dollar have sent the US economy into a tail spin. It was another down day for the dow losing over 100 points. It did not hold above 12,000 as predicted. We will soon see a market meltdown as the stock go into free fall.

Things are so bad that the eurozone economy is being affected. The decline in the dollar has made European goods more expensive in the US, and the slowdown inthe US economy has reduced the hunger for luxury cars and other high price items from Europe.

With the whole world staggering under record high oil prices and now record high prices for grains, both food and fuel have become expensive as predicted. I predict shortages of both food & fuel in the future.