ECON 911 - 2009 Officially to Suck Big Time

The Boston Business Journal is reporting on a new study which predicts that Boston will have the fifth biggest job losses in the country. The study estimates that the Hub will lose 58,500 jobs, which would be a 2.4 percent reduction and would raise the unemployment.

We at BNN plan to be ahead of the curve and will soon form a pitchfork and torch company to arm the angry unemployed mobs that will be meting out justice in the streets of Boston later this year.

BBJ by way of Beantown Bloggery [Forecast:Boston near top in job losses]

Oil Prices Drop, Waiting For Things to Get Okay Again Before Spiking

Oil prices dropped $4.50 to $134.24 a barrel today, continuing a slide in prices that started on Tuesday morning. While experts believe that the cause is attributable to increased supply coupled with a slackening demand due to decreased consumption, we at BNN are anticipating that it will shoot up to $200/barrel shortly, just as soon as the fallout from the FannieMae/FreddieMac bail-out passes and Americans start to feel hopeful about the economy.