Consumer confidence tumbled to its lowest in 28 years this month, a survey showed on Friday, as short-term inflation expectations hit their highest since the stagflationary early 1980s.
UN: World Economy to Grow 1.8 Percent in 2008- AP
Stocks Slip as Oil Passes $127- AP
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Here is what is going through my head this morning, will the division that I work for in my company be spun off due to soft revenues and margin challenges. In the event that happens do I keep my job and if not how do I replace my income?? I am giving a presentation this morning to another company that is in the same boat, the topic is how to grow revenues in a challenging market. Point being the mood on the street is one of growing concern, how high is oil going to go, how bad will this get. Until we get past these concerns don’t expect a sustainable stampede back into RE.
