Monday, March 17, 2008

Bear Market

I’ll be the first to admit that my knowledge of economics is limited, but when you read news like this and then hear that oil peaked at $111 a barrel on overseas markets, you know something bad is happening.

I thought the Republicans were supposed to be the ones who are the experts in this sort of thing, although I suppose there are some of them who made out like bandits on the sale of Bear Stearns for $2 a share when it was selling for over $140 a year ago.