Monday, April 18, 2011

S&P downgrades US economy... Yikes!

The New York Stock Exchange is down 220 points as of the moment I am writing this....  What is the significance of this move?  Despite the dismissal of its significance by the White House this is an indicator that there are many major concerns facing our economy, not the least of which is the political will to do anything about it.  These are the types of indicators that I look at in order to try to project how things are going to be going six months, twelve months, two years out.  No matter how you slice it there is little to suggest that further economic problems lie ahead for all of us. 

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