Contractors built 281,000 in June, down 4% from May. This is the lowest number since February 1998. People we are going down, but our gov says all is fine. Fed reserve Chairman Bernanke said on July 21 that our economy is showing “tentative signs of stabilization”.
I predict a big jump at your gas pump in the near future as oil prices go up. Future oil prices will rise. Expect this to happen soon. OK some will blame a weak dollar, others peak oil, but it is coming soon, so get ready.
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