Two headlines on Friday morning:
(1) Economy shrinks at 3.8 percent pace in 4Q (AP) - The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.
(2) Exxon Mobil sets record with $45.2 billion profit (AP)
ISF: Huh. Am I the only one who sees anything wrong with this picture?
Consumer prices in August posted the first monthly decline in nearly two years as Americans finally get a break from surging energy prices. The Labor Department reported Tuesday that consumer prices edged down 0.1 percent last month, a significant improvement from a 1.1 percent price spike in June and a 0.8 percent rise in July. The cost of gasoline and other fuels have plunged, reflecting big drops in crude oil prices.
I SUFFER FOOLS: Really? Then someone please explain to me why I'm paying 30 CENTS MORE per gallon of gas than I was a week ago.
