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Happy July 4th, y'all
Jul. 4th, 2008 12:38 pmAs ![[livejournal.com profile]](https://www.dreamwidth.org/img/external/lj-userinfo.gif)
fengi says, this is one of the least reassuring things you will ever see. And yes, it is for real the assistant Treasury Secretary.
Yesterday's report that 62,000 jobs were lost brought the total for the first half of the year to 438,000 jobs. Meanwhile, the Institute for Supply Management reported that its measure of the service sector had declined in June. Stock markets, flirting with a bear market, finished another losing week. Oil pushed to a record high. Inflation and foreclosures are up, consumer confidence is down, and administration forecasts for a "strong pace of growth" in the second half of 2008 are look increasingly absurd.
fengi says, this is one of the least reassuring things you will ever see. And yes, it is for real the assistant Treasury Secretary.Yesterday's report that 62,000 jobs were lost brought the total for the first half of the year to 438,000 jobs. Meanwhile, the Institute for Supply Management reported that its measure of the service sector had declined in June. Stock markets, flirting with a bear market, finished another losing week. Oil pushed to a record high. Inflation and foreclosures are up, consumer confidence is down, and administration forecasts for a "strong pace of growth" in the second half of 2008 are look increasingly absurd.
