My dog is worried about the economy

The economy depends about as much on economists as the weather does on weather forecasters. 

Jean-Paul Kauffmann

Reading the news this morning was an exercise in frustration.  MSNBC has a story on the recession that wouldn’t quit.  They describe the 10 signs that the double dip recession is here.  Watch out below.

Friday's news on GDP shows the double dip has arrived — an expansion of only 1.3 percent and consumer spending up 0.1 percent in the second quarter. Astonishingly low by any account. The debt ceiling trouble and lack of a longer term resolution to the deficit will make it worse.

There are several signs that a recession is firmly in place again and that the downturn could last for several quarters. Most are already easy for the average American to see.

1. Inflation
2. Investments have begun to yield less
3. The auto industry
4. Oil prices
5. The federal budget
6. China economy slows
7. Unemployment
8. Debt ceiling
9. Access To credit
10. Housing

Read the story here: http://www.msnbc.msn.com/id/43946055/ns/business-us_business/

People try to live within their income so they can afford to pay taxes to a government that can't live within its income. 

Robert Half

Two interesting graphs.

My dog is worried about the economy because Alpo is up to 99 cents a can.  That's almost $7.00 in dog money. 

Joe Weinstein