economy still in the tank!!!

I would like to report good economic news some day but this isn't the day

the labor department has released it's may report and it has some really bad news...so bad that there isn't a way from to try to put spin on it.

One of the most shocking things that is in the report is....

The number of unemployed people grew by 861,000 — to 8.5 million.

my god how did unemployment jump so high!!!

but that's not all

dow johns drop 400 points

324,000 have been lost this year

the slightly good news of the fact that average wage is up (but only by .03%) is over shadow by the fact that due to raising food and gas prices people are in fact facing wage cuts if they want to spend the same amount on food and gas as they did in the past.

can you imagine losing over a million dollars in less then 2 hours?

I don't think many people can but amazon's site was down for about an hour and a half and that is the expected amount of money they lost in business transactios during that period and the fall of there stock price.


I can understand the lose of sells but every site has goes down form time to time, and I think it's a little sad (and funny) that so many stock investors ran around like their heads cut off in a panic of amazon not doing well.

horror after $200 oil

Macleans has an article (horror story?) up talking about what will happen if we reach $200 for a barrel of oil.

in a scary world that maybe coming to us soon the rise in oil prices will effect modern society to its core.

a few of the horrors they predict that might happen...

the gas of fuel cause the airline industry to shrink to nearly a 10th of its current size.

sky rocketing prices on ALL goods.

people spending more then half their weekly pay just to feel up there tank.

basically will just cost to much for people to go to far away from there cities and towns.

in some ways it might almost like going back into a time before cars and planes. But instead of not going to far form home because of time restraints, we live in our little worlds because it would cost to much to say go across the country on vacation.

and some areas of course will feel this worst then others. the future you are away from farms the higher the cost of food.

But one also have to look at the fact that the suburbs are dependent on cities for things like jobs. And in a world where it cost more to get to work then what you make, the burbs are going to have to become more self sufficient or turn into ghettos.