Monday, April 30, 2012

DOUBLE-DIP RECESSION HITS! (Spain)


Spain's gross domestic product fell 0.3 percent in the first quarter 2012, as its economy slipped back into recession again; it joins the UK that got there last week. Different places than the US, granted, but some of the same problems. Consensus is that a BAD job report looms on Fri May 4th;  and although gasoline prices have dropped lately, they are still too high (manipulated higher by speculators and the oil companies).