The European markets have fallen deeply today (no holiday for them, just for the U.S.) amid fears that the world economy, including the U.S., is going back into recession. The DJIA is quite likely to begin to fall first thing in the morning.
Lucky, lucky, lucky Obama! We have visions of him out at Camp David writing busily away, reading the news, scratching out half of his speech, writing some more, scratching some more. What would you say about JOBS these days?
Crude oil prices are back down to $83.60 again. The last time oil prices went that low, the price of gasoline dropped 20 cents a gallon in about a week. Prices will be higher no matter what, though, since some state gas taxes have gone up there and the floods from the Big Storm have closed some refineries.
As a result of the turmoil in Europe today, gold has topped $1900 again (so soon!) and the Swiss franc is bouncing all over the place, as traders look for safe haven assets.
This is so hard to believe as we look outside our office window and see a beautiful day. A deer crossed the road this morning, carefully looking both ways, I swear!, then gracefully leaping a white plastic horse fence in my neighbor’s yard. The venison on the hoof grazed for a bit, then disappeared into the woods.
Now, cars, pickups, SUVs and wine country limousines and buses are barrelling down the highway running past our office on the way back from the beach, the mountains, Seattle or Portland, having left early to beat the traffic. Crisis? What crisis?