Also, in a related story Sonny Pruitt Enterprises announced a rate increase to 7 dollars a mile. More on this later...............
Seriously though, I do work for Pulte Homes, which is one of the biggest builders in America and they are as dead as I've ever seen. I got one house coming up in December, that's it. Don't look for housing to bounce back for a while, I think. I never realized how much housing affects the economy. You'd think with commercial construction going strong it wouldn't make that much of a dent in the economy. Maybe one of the boards chief economist can elaborate.......no_worries, care to comment?
I also think fuel is way overpriced, perhaps like residential housing got before the bubble burst. I think the fuel bubble will burst, when, I don't know. If you think about it though, think how much just a 10 cent increase in fuel yields world wide or just nationwide, now look how much it's gone up recently. The numbers don't seem to make sense to me. But what do I know, probably not enough as usual. Maybe some deep analysis from the chief economist here will help............no_worries, I'm putting you to work again.