More Layoff Monday!!!!!!!
Sprint Nextel expands employee reductions to 8,000 in latest belt-tightening
[CAT] Caterpillar says initiated actions to remove 20,000 workers (20% of workforce)
Philips to cut 6,000 jobs after quarterly loss of 1.47B euros
Wow...we are just starting out the week and we are over 30K with only three companies. 20% of Caterpiller's entire workforce. And the current mainstream unemployment projections are still at 8-9%. Alstrynomics is at 30% with a bias to increasing that number if current trends continue.
My friends, the opportunities to score points are endless.
On a side note, I read something yesterday that may propel me to become a gold bull. No decisions yet, but definitely looking at the situation from a different angle.