Clarion Content

Unfortunately, for those who continue to stick their heads in the sand and ignore the increasingly wide-ranging effects of sky high commodity prices on the American economy the Clarion sees ominous warning signs.

It is not just the war budget. It is not just the weakening dollar. It is not just the rising cost of basic staples and food. It is not only the housing slump. It is not simply the massive losses suffered by investment banks in fancy mortgage vehicles.

It is news like this from Bloomberg today: sales at US stores fell for the fourth straight week threatening to hand retailers their worst holiday shopping season in five years. The bricks-n-mortar stores are not alone in this malaise either, this is the slowest rise in year on year internet sales on record.

Labels: Politics