October 14, 2005
Will the Recession Stop the War
I think Bush and co are going to have to stop bleeding the country or they soon will bankrupt it:
- Consumer sentiment falls unexpectedly
- economists warn on housing market (due in part to rising interest rates)
- Dollar Erases Gains as Traders Say Refco Freeze Forces Selling (part of that story is also the widening trade deficit)
- U.S. consumer prices shot up an unexpectedly large 1.2 percent last month, the biggest gain in more than 25 years
- US industrial production fell 1.3% in September as hurricanes Katrina and Rita and a strike at aircraft producer Boeing dented output, the Federal Reserve said today. It was the largest monthly drop since 1982 and worse than the 0.4% decline expected by private economists.
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