Stocks Down Again!

Is there any real relief insight for our stock markets?  It’s up; it’s down, more times down than up.  Again, everything is based on growth, which is much lower than everyone had expected.  And the jobless rate is also getting out of control.  I don’t really want to say this but we’re heading for a recession.  Just the other day, in New York State the governor ruled that the state was in a recession.  And that he was going to cut spending by almost 10%.  He did say that he’s not going to raise taxes to get things back under control.  If he raised taxes people will move out of the state, I know I would.  New York already has the highest tax rate in The United States.  Anyway, things need to change fast, everywhere.

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This entry was posted on Thursday, July 31st, 2008 at 3:37 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.