Is It Time To Panic?

Oct. 27 2008, Published 7:07 a.m. ET

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Let's take a look at some of the stories making news today:

BBC News: "For consumers in Europe and the US the outcome is certain: prepare to pay more for clothes in the years to come. "

Associated Press: "At the pump, the average national price of a gallon of regular jumped 2.3 cents overnight to $3.56 a gallon, according to a survey of stations by AAA and the Oil Price Information Service. Prices have risen nearly 14 cents in a week."

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Wall Street Journal: "I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food."

Uh, wow. But wait! Don't close the garage door and turn on the gas just yet! (Gas is way too expensive to waste on suicide these days anyway.) Relief is on the way!



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