Considering the following:
- The American president is deeply unpopular and his approval ratings have fallen to historic lows.
- The US military is embroiled in a long-running foreign entanglement with no end in sight.
- The price of oil keeps hitting all-time highs, leading to...
- Sticker shock at the gas pump.
- Meanwhile, the stock market is shaky, and
- The Federal Reserve is unable or unwilling to keep inflation at bay.
So, remind me--is this 1973 or 2008?
Funny, I couldn’t log in using LJ…
http://blogs.wsj.com/economics/2008/03/11/merrill-lynch-recession-to-be-worst-since-1970s/trackback/