Archive for the ‘Odd’ Category

Mortgage rates are down, and unemployment numbers are up. Anyone see something wrong with that economic plan yet?

The number of U.S. workers drawing unemployment aid jumped to a record high in early February, according to data on Thursday that highlighted the deterioration in the labor market as a 13-month recession deepened.

A separate report showed that a rebound in energy costs drove up prices received by U.S. producers last month, breaking a five straight month declining trend.

The number of people remaining on the benefits rolls after drawing an initial week of aid surged 170,000 to 4.99 million in the week ended Feb 7, the Labor Department said.

Here I am, minding my own business when I get a vision of the future. For the record, the time is currently 10:40pm on THURSDAY, January 1, 2009. Here is my vision.

Oil prices fell 3 percent on Friday, kicking off 2009 on a weak note as traders bet a late-day rally that drove up prices 14 percent on Wednesday was overdone.

U.S. light, sweet crude fell $1.27 to $43.33 a barrel by 6:34 p.m. ET, reversing a part of Wednesday’s $5.57 a barrel gains. Oil tumbled 54 percent in all last year.

Oil prices fell on FRIDAY. Prices fell to $43.33 a barrel by 6:34pm.

Crap. Vision over.