Friday, May 22, 2009

recession is over?

Unemployment is today at 9%, the government says it will soon hit 10½% and may stabilize at 11 or 12. The cost of oil is going up, and the price at the pump will soon follow. Today was another DOWn day for the Down Jones Industrial Average. However gold shot up over $960/oz.

Things do not look good. Expect more banks to fail despite massive bailouts. Plan on getting ready for a category five financial hurricane to hit.

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