June 6, 2008

Dow Drops 395, Oil at $139, Less Jobs and Growing Mortgage Crisis

The Dow Jones just dropped 395 points as oil shot up to $139 per barrel, and the jobless rate hit a three and a half year high of 5.5 percent. As bad as all this sounds, it may only be the tip of the iceberg as the mortgage crisis keeps growing without bound threatening to take out major banks and knocking over more economic dominoes

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