From:
http://money.cnn.com/2008/06/24/markets/markets_newyork/index.htm
"""
Stocks slip on economic woes
Wall Street ends a tough session lower as investors weigh weak consumer
confidence ...
"""
Here is how it works:
1. The decline in the economy increase consumer anxiety
2. The reading of low consumer confidence prompt Wall-Street speculators
to back off from stocks. Unfortunate, state and local bonds are not an
attractive option anymore because the housing bubble threaten the local
governments revenue. Therefore, the only remaining place to place
speculative money is the commodity market.
3. The prices of commodities rise due to the speculative demand
4. The higher prices for commodity harm the companies which plan to do
layoffs and to freeze the wages and benefits
5. Workers get the feel from their company and the anxiety rise
6. We are back at the step 1.
