Tuesday, February 5, 2008

Um...yeah...I'm NOT going to need you to come in on Saturday

I knew this was coming years ago. Those people that believe the US can survive as a service-based economy only got dealt a blow today in the form of this report that shows that the US service sector not only failed to grow in January, but contracted.

It's amazing to me that people who believe they should diversify their stock portfolios don't always believe we should diversify our economy--spread it over manufacturing, production, service, etc. A service economy alone will only grow so far and then it'll snap back like a new rubber band and hit you in the ass.

That's right, America. We just got snapped in the ass.



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