Just last week alone we have witnessed some very disturbing news on Wall Street. The first of course is the price of crude oil at yet another record-breaking high of one hundred one dollars a barrel. This roughly translates to about an extra twenty cents a gallon more at the pump. Then the announcement of Bear Stearns Corporation's fifty point seven million dollar loss and bail out from competitor J.P. Morgan and the Federal Reserve. More disturbing still is a statement made from President Bush that everything is all right, and to keep the federal government out of the impending financial doomsday. In addition, late Friday we get the news that the Federal Reserve will again cut interest rates next week. The coming economic Armageddon is at hand, so use some common sense when it come to you personal finances, and also do not listen to the moron in the white house when he tells you to look away as the financial house of cards begins to crumble.
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