Well if you think your business was bad during the first half of 2008, welcome to the club. Was watching CNN and they said that stock markets set all time record lows during the first half of 2008. The US Dow went down by 14%, which is 4% more than what was experienced during the great depression of the 30’s. Shanghai stock market went far worse as its value sank by 48%. So yes Virginia, we are in a global depression.

Oil didn’t even wait for the half to end as it shot to an all record $140/barrel last week. Oil is in the spot light right now. Despite announcement by Saudi Arabia that they would be increasing output by 500,000 barrels, the oil price still continued to skyrocket.
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