Summer of 2008 Reprise

June is looking ugly. The DOW slumped 280 points, employment ain't happening, the ISM index fell through the floor unexpectedly, consumer confidence slipped, the EU is in disarray over Greece's impending default, no US debt vote in sight, housing prices continue to plummet and QE2 is ending this month.Yastrow Origer thinks we're on the "verge of the great, great depression".

Oil price fell all day but...gasoline prices shot from $3.90 to $4.15 per gallon everywhere in my area at noon today, based upon? Not a goddamned thing. No over-demand, no foreign crisis, no refineries down, no hurricanes, no floods. Just prices simultaneously rising 5% because the bastards can.

Shark packs have joined gangsta packs circling vacation beaches around the country. Seems about right. Anyone paying attention would smell blood in the water. Goldman-Sachs and JPMorgan will eviscerate the economy then join the sharks and gangstas on the beach for the summer.

This summer has a feel of 2008... but this time sharks and gangstas want in on the action.