Economic Forecast Predicts Tough Times
This is a quick recap of some things that people should be aware of as we head into the remainder of November as it pertains to our nation's fiscal health.
1. The Auto industry is reeling right now. They state that if there is no fresh infusion of cash before the end of the year, they don't think that they will be able to make it until the end of the year.
2. The Unemployment situation is becoming serious. The rate has hit a 14-year high recently at 6.5%. Analysts are predicting that that number could hit 9% in a matter of months, with a loss of 300,000 jobs in November 2008 alone.
1. The Auto industry is reeling right now. They state that if there is no fresh infusion of cash before the end of the year, they don't think that they will be able to make it until the end of the year.
2. The Unemployment situation is becoming serious. The rate has hit a 14-year high recently at 6.5%. Analysts are predicting that that number could hit 9% in a matter of months, with a loss of 300,000 jobs in November 2008 alone.
On November 2, 2006, I was doing my weekly commentary on the KD Bowe morning show and I took a slight departure from the norm to discuss the upcoming elections. Although these are called Mid-Term elections, one might not think they as important as the elections that take place during the presidential elections. Nothing could be further from the truth.