Erk.

[icelightning]

The US GDP went down by 6.2% last quarter, the worst drop in 26 years. And it was just announced today.

:| Stocks are already plunging, and yeaaaah, we haven't seen the bottom of the market, yet.



... and on a completely related note, I'm definitely applying for those FAA jobs I heard about at the job fair last week.

Comments

[mewsrissicat.livejournal.com]

Well, considering we've been in a recession now since at least December 2007... (and a recession is a contraction in the GDP)... then I think our stated GDP has been long overdue for a correction. >_

[icelightning.livejournal.com]

>_> That is true, and I was kinda expecting it to go down. Surprisingly, the stock market only dropped 100+ points or so. I was expecting at least 200 with that news.