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I’m not sure if it is just me, the press or a cosmic vibe but it feels as if times are certainly getting maybe not more desperate, but more economically worrisome.

What is ironic is that at the same time there is good economic news about wages staying ahead of inflation and unemployment remaining relatively low there is no way to avoid the impact of rising fuel prices and plunging property values. Add to that combination, Factor X, the consumer confidence index which is at almost a two decade low, and that spells, worry concern and fear.

Yesterday Yahoo featured an article that I wrote “How to Save Money Without Really Trying” and watching the flood of visitors coming into the site gave me a chance to go back and read the article again. The article is probably more important today, in the current mental economic environment and worth a visit.

Stunning

I heard two sets of statistics yesterday and both stunned me. The first was the serious drop in auto sales numbers and most importantly, truck and SUV sales numbers. The second was a report that said that of all the people killed by handguns, 52% were suicides. That surprised me.

What jolted me about the auto sales reductions was how fast and severe they have hit.

We’ve lived with rising gas prices but sometime recently we’ve crossed a tipping point where the rise in fuel prices has caused a fundamental change in the way we live. Consumers are abandoning the gas guzzlers and I understand that if you want to buy a Toyota Prius there is now a 6 to 8 month wait.

Of course if fuel prices keep going up maybe the number of handgun suicides will go to 60%.

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Steve

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