Wednesday, October 15, 2008

Wall Street Ow!

Here we go again, down! What a roller coaster!
Retail sales fell sharply in September as consumers shunned department stores, auto showrooms and shopping malls, ratcheting back spending for a third consecutive month. Economic activity slowed across the country,

Well, we knew that was going to happen. People have been spending much more on gas, so of course we're spending less on other things. I was balancing my checking account this weekend and boy was it easy to do. Not that many checks and ATM withdraws to clear. I have definitely been spending less. It's strange that the Dow went down so much on the news that we're spending less. It's not a surprise.

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