OVER 25,000 jobs cuts announced between three companies in two days
Siemens, CountryWide, and our buddies at Budwiser.
That does not include the thousands of cuts announced by dozens of other firms this week.
Not a single politician has said a word. Not sure what they would say, but nothing has been said.
Next week auto sales come out, my guess is sales pace will be down about 1/3. Many dealers on the brink of shutting down. How many unemployed workers are buying cars?
Houses Crashing. Shopping Centers Crashing. Condos Crashing. Land Crashing. Vacation Homes Crashing. Auction Rate Debt still in limbo.
Now Auto Sales Crashing. State Tax Revenues Crashing.......Now the Stock Market is Crashing............
Next week could be very interesting.