What a week this has been. It's been a really depressing news week, don't you think? Gasoline is creeping upwards again. Food prices at the grocery store are going up. Everything is going up except wages. Damn Republicans and their corporate interests, trying to eliminate the middle class. Citibank is trimming their workforce by 45,000 people. That phrase sounds nicer than "firing", or "laying off", doesn't it? "Trimming the workforce." One of the brokerage houses on Wall Street is going to trim their workforce by about 3,000 people. They all got caught trying to be too greedy in the sub-prime mortgage business.
The fall-out from the sub-prime mess isn't over yet. That mess isn't just confined to the US, it's hitting financial institutions all over the world. A couple of British banks are having financial problems related to this sub-prime mess, as well as a couple of German banks. This mess will continue well into 2008.
Recessesion? We're in one right now, although the powers that be haven't confirmed it as of yet. Us working stiffs have been feeling it for months now. We feel it. I feel it every time I go to the gas pump, every time I go to the grocery store, every time I go shopping for clothes (which isn't that often). Utilities are going up. Everything is going up except our wages.
Recession? What am I talking about? The economy is great! If I made over $200,000 a year I'd be making money. I'd be feeling real good about my finances. Every time I turn on one of those financial channels on TV they keep saying everything is great, the economy is booming, etc. It's all BULLSHIT!!
I could go on and on, but I can't. I'm depressing myself over this shit. Think happy thoughts. Think happy thoughts. I think I'll go to work now and at least that will take my mind off these things for a while. At least until I go home tonight, have my dinner and turn on the news. I'll be depressed again.
Hope you all have a great weekend. I'm going to try.
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