Wednesday, September 17, 2008

Economy

The state of our economy is not good. That's not news to most folks. Have we bottomed out yet? Or is it only getting worse? I sometimes wonder if we're heading into a depression. God I hope not -- at least economist seem to think not.

Glad to hear my bus buddies have begun their road trip. I've heard the price of gasoline down south is just crazy. My Mom, in Florida, told me after Hurricane Ike it immediately spiked to $5.79 a gallon. That's just insane! Meanwhile, back here in New England, we saw a drop -- which we should seeing the price per barrel of oil is at it's lowest since February -- to $3.45. Something is just flat out wrong with this industry. I don't know enough about the trading but I suspect it's all the speculation.

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