I disagree with anybody who blaims this unending flow of negative news on the press! The press isn't driving up the price of light, sweet crude; they're not making your home worth a fraction of what it used to be; they're not causing your employer to make layoffs. Let's get real! It is what it is folks. The two biggest factores that are hurting us is the housing market and the fact that it's more difficult now than ever to get credit and/or approved for a loan. Wonder how this is going to effect most of us who were more then likely planning to finance our new Challengers...
And here's some more good news:
Employers Slash Jobs by Most in 5 Years
Friday March 7, 11:31 am ET
By Jeannine Aversa, AP Economics Writer
Employers Slash 63,000 Jobs in February, Most in 5 Years, Feeding Recession Fears
http://biz.yahoo.com/ap/080307/economy.html