Rebound in 2009
The headlines scream THE ECONOMY WILL REBOUND IN 2009?.
Lets see, by my last count, the price of Gas is predicted to be somewhere around $4.00 a gallon this summer, and already is in some areas.
Manufacturing is not going to increase, unless it is a war related business.
The service sector, which is pretty much all we have left, is shrinking, due to higher food and ingredient prices to make the food, and the fuel to carry it.
The stock market, which by the way, means squat to the average consumer is being propped up by the feds, who themselves are already broke. They are, as we speak, printing paper money 24 hours a day, 7 days a week.
Banks are failing. It is predicted that the housing market AKA foreclosures wont stabilize for up to 3 years.
So, tell me, dear readers, how are things going to rebound in 2009?