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Bir's Eye View: Thursday, June 26, 2008
Posted on June 26, 2008
You know what the news is-- in a minute, you're going to hear the rest of the story - Paul HarveyI happen to believe we are already in a recession. How deep and protracted the recession is will be determined by how long oil prices remain at these elevated levels.The news is unfolding just as we said it would in 2005. We knew the housing market was a bubble. We knew consumers were mindlessly borrowing money that they couldn't pay back. And, as a result, here we are.I worked for a five time national championship coach who told me to watch people very carefully. He said when you do, you'll quick...
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