It would be funny if it didn’t hurt so much

Best headline I’ve read all day:

Warning signs missed on economy

Only to people who WANTED to miss them (ahem; everyone in Washington DC).

I’ve been reading and repeating for years that the housing market was in a huge freakin’ bubble, and that once gasoline passed $2 a gallon it would start to drag on the rest of the economy. (Yes, $2.00; once we hit three or four dollars a gallon it just adds to the pain)

Grrrr.

One thought on “It would be funny if it didn’t hurt so much”

  1. Yes, DC is clueless. I live 45 minutes north (or 3 hours when it snows and people get stupid) and up the street from me is a plain 4 bedroom 2 1/2 bath colonial on 1/3 acre listed for $800,000 (“plain”: no gourmet kitchen, no pool, etc). Are you freaking kidding me?

    I’m nervous about a recession, not so much for me but for some of my friends and family that are extended beyond their means at the moment.

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