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==Indicators down==
 
==Indicators down==
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Oil, metal and grain (rice, wheat, corn) prices, after hitting record levels in the summer of 2008, plunged. Crude oil went from $145 a barrel to $42.<ref>[http://research.stlouisfed.org/fred2/graph/fredgraph.png?graph_id=113057 West Texas Intermediate Crude (WTI) 2007-01-01 to 2013-02-01</ref>  
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Oil, metal and grain (rice, wheat, corn) prices, after hitting record levels in the summer of 2008, plunged. Crude oil went from $145 a barrel to $42.<ref>[http://research.stlouisfed.org/fred2/graph/fredgraph.png?graph_id=113057 West Texas Intermediate Crude (WTI) 2007-01-01 to 2013-02-01]</ref>  
    
Retail sales in the U.S. and worldwide went into a major slump, with the slowest Christmas shopping season in decades.  American manufacturing contracted in November 2008 at the steepest rate in 26 years. The U.S. lost some 4 million jobs in 2008,<ref>[http://research.stlouisfed.org/fred2/graph/fredgraph.png?graph_id=109262 Total Non-Farm Payrolls, U.S. Dept. of Labor].</ref> the worst record since the end of World War II,  Factory indexes in China, Britain, Europe, and Russia all fell to record lows.  
 
Retail sales in the U.S. and worldwide went into a major slump, with the slowest Christmas shopping season in decades.  American manufacturing contracted in November 2008 at the steepest rate in 26 years. The U.S. lost some 4 million jobs in 2008,<ref>[http://research.stlouisfed.org/fred2/graph/fredgraph.png?graph_id=109262 Total Non-Farm Payrolls, U.S. Dept. of Labor].</ref> the worst record since the end of World War II,  Factory indexes in China, Britain, Europe, and Russia all fell to record lows.  
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