Gas prices are down an average of 7 cents a gallon in the past week across the country with an average of $3.74 a gallon nationwide. (I paid $3.85 yesterday here in LA)…Stock prices are up 350 points from a month ago…The dollar has strengthened considerably against the euro. It now buys a bit less than 1.47 euros, down from nearly 1.60 less than a month ago. It also takes less than $1.86 to buy a British Pound, down from $2 three weeks ago. But, OMG the financial world is coming to an end….Oil is a bit higher, up to $115 but still $30 less than it was a month ago. SIGH…Housing purchases are higher than anytime in the past couple of years..that means as soon as the extra inventory is off the market, house prices will again begin to climb. All people had to do was be patient…Just think, had the banks extended all those low interest loans for another year, maybe….Oh well — as in the early 90s…all will soon be right with the world.
JVH
