Always striving to keep you informed on what’s going on with the economy, there were a number of developments today. Oil’s still above $100 a barrel. It looks like prices at the pump nudged higher again today, at least in my neighborhood. Our fine friends at OPEC thumbed their collective nose at us today, saying they’re not going to increase output. That means there will be no pressure to reduce prices.
A trade group says the nation’s service sector contracted in February for the second month in a row.
And, oh, yes. Bankruptcy Filings Skyrocket
Americans filed for bankruptcy in growing numbers in February, buckling under the combined weight of rising energy prices, a weakening housing market and sky-high personal debts. An average of 3,960 bankruptcy petitions were filed per day nationwide last month, up [...]
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