Futute Outlook

Well, we see now that banks are in trouble and that the decline in factory output continues, but debunkers claimed that the recession would cause oil to drop back to 50/b, but instead it continues its steady upward climb. The thing that does drop is the dollar.

Both new home sales and existing home sales dropped this month and will continue to do so as we head into recession. The rate of new jobs created will go down and companies will trim their workforces in order to compete.

One bight light is training. Many workers are getting more training to compete in a difficult job market. I see future schools being replaced by computers. People will learn at home using education machines.