Sunday, December 21, 2008

Economics Update (Weekend)

Well, over the weekend it appears that the Big 3 (Big 2½) auto maker bailout has driven the dollar down, and driven oil up, though trading in both was light, though retail gasoline hit a new low.

That being said, the real news is that Japanese exports fell 27% year over year in November as the worldwide recession crushed demand.

27%????? Ouch.

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