Our great President has taken up his new job as a therapist. Bloomberg reports that Obama said:
“We are going to get through this. Things will get better. and we’re going to get there together.”
I don’t know about you, but I’m feeling better already.
S&P/Case-Shiller signals double dip in housing:
U.S. home prices fell in March for the eighth straight month, confirming the beleaguered housing market has entered a double-dip recession, according to a closely followed index released Tuesday
U.S. consumer confidence declines in May:
Consumer confidence fell in May as Americans grew slightly more pessimistic about future job prospects and business conditions, according to a closely followed survey.
Chicago manufacturing gauge nosedives:
A Chicago-area manufacturing gauge dropped by the largest amount in nearly two-and-half years in May, in a further sign that the rise in oil prices and the Japanese earthquake have affected activity.