Economic Tailspin Under Way

With the news coming out about some brain trust deciding to predict that gasoline could reach seven dollars a gallon in a couple of years, there’s already a domino effect of bad news spreading out from it.

Financial types are worried about nearly everything and it’s showing on the stock market as the Dow Jones industrials are down over 350 points already. Investors are worried that there could be other problems with some of the big investment companies and here’s hoping that there isn’t another big foreclosure mess like the one that is only now just beginning to think about smoothing out.

I am not a hamster, the key of course goes back to fuel prices. If we could somehow manage to get fuel prices under control, everything else in the economy would fall into place and people could begin to breathe a little bit easier.

[Tags]foreclosure, economy, bad debt, mortgage, fuel prices, oil prices, dow jones, stock market investment[/tags]