Wednesday, November 21, 2007

Another whoda thunk it

Two pre-Thanksgiving news clips:

Dark moods?
Americans enter the holiday season in a dark mood, with economic worries, security fears and a lack of confidence in government fueling growing pessimism, according to a Reuters/Zogby poll released on Wednesday.

The Reuters/Zogby Index, which measures the mood of the country, fell for the third consecutive month, dropping from 96 in October to 94.9 on new growth in the number of Americans dissatisfied with the economy and pessimistic about the future.

Think maybe it has to do with this news clip?
The plunge [stock market] came as investors remain frightened and uncertain about a credit crisis that does not show any signs of easing. Freddie Mac, considered a backstop for the mortgage industry, said yesterday that it lost $2 billion last quarter because of increased foreclosures tied to subprime mortgage defaults. Oil prices flirted with the symbolic $100-a-barrel level in overnight trading. Markets in Asia and Europe dropped sharply as investors questioned whether the United States economy will slow more than expected.

Gee if Rummy were still around - we'd have one of his who could have guessed stupidities.

Instead we have only my sarcastic "whoda thunk it"

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