Saturday, November 08, 2008

Next Year's Economy Bad? No Kidding.

Which is exactly what I thought when I read this headline: IU forecasts 'rough' economy next year.
As a result, Indiana has seen five consecutive months of job losses - the longest streak since employment bottomed in summer 2003. Statewide unemployment could reach 7 percent, they said. The Indianapolis area will fare a bit better, with unemployment expected to peak between 6 percent and 6.5 percent in 2010.

Meanwhile, the state and nation's gross domestic product will continue sliding through the first six months of 2009 at a rate of roughly 1 percent before turning upward in the second half.

Industries hit hardest in Indiana include manufacturing and construction. However, health care, transportation and logistics, and retail are among sectors that continue to perform well.

One of the few bright spots is exports of auto parts, industrial machinery, electronics and pharmaceuticals. Those categories helped drive overall exports last year to a record $26 billion - up 14 percent from 2006.
That was Thursday. yesterday, here are some headlines for today:
Here is a question - is that a waterfall ahead or not?

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