Keep in mind that Bush says we are not in a recession:
"US economic expansion slows"
"The US economy expanded less than forecast in the fourth quarter as domestic spending fell and only a rise in exports prevented an overall contraction....
The report, combined with figures yesterday showing claims for unemployment insurance jumped last week, reinforced traders' expectations that the Federal Reserve will cut interest rates again and helped drive the dollar to a record low against the euro....
Which is why prices are rising; your dollar is becoming worthless, 'murkns.
Time for another war, huh?
Fed chairman Ben Bernanke, testifying to the Senate Banking Committee yesterday, signaled he's ready to cut interest rates again....
So what happens when you get to near zero, Ben?
Excluding the improvement in trade, the economy would have shrunk at a 0.3 percent annual pace."
That means the AMERICAN ECONOMY is FLAT on its BACK, readers!
Oh, is this going to be a doozie of a depression!
But don't worry, 'murkns!
It's not all bad:
"Fidelity's income rises 22% in '07"
"Improving performance at its mutual funds and a reorganization of its leadership team helped push pretax income at Fidelity Investments, the world's largest fund company, up 22 percent last year to $2.2 billion from $1.8 billion in 2006, it said in its annual report issued yesterday."
