The Depression Getting WORSE!!!!
Autos, Airlines, Advertising, Architecture, Building, Construction, Commercial Real Estate....and that is just the ABC's seeing all seeing HUGE double digit revenue and value declines and NOW seeing declines dropping MUCH FURTHER...even after massive cuts.
The New York Times Co. narrowed its net loss in the third quarter on aggressive cost cutting, however a near 30 percent freefall in advertising revenue and a $76.1 million charge linked to pension obligations at The Boston Globe continued to weigh on the media company.
But don't worry, it was better than expected even though Google's revenues were flat and Yahoo's were down.........................................we drop a few more times like this and we will hit bottom.
And with more and more staying unemployed for longer...we can definitively say this is the WORST and getting worser as we lost another half a million this week.
Average Unemployment Period Hits All Time Record High Of 6 Months
Hurry, run out and buy some real estate...before it crashes to zero and you will be out of time!!!!!