Another Duh Moment
December 1st, 2008. Filed under: Monday's Musings.So, where has everyone been? I just now received a breaking news alert from the New York Times. It seems as if investors had no clue that our economy is going down the tubes and that we are in a recession. The Dow Jones industrial average dropped 679.95 points or 7.7 percent today as the announcement came that we have been in a recession for nearly a year now. The Dow closed at 8,149.09 today and the European and Asian markets are down as well. Wake up, world. It’s past time to tighten your belt and open your eyes. Money, goods and jobs are not unlimited.