Something in the order of 70,000 corporate jobs were cut worldwide today.
Hey if you have a job, more power to you.
Unbelievably there was good news today with an uptick in the housing market. We bought a new house last month, closed on December 24th in fact, and we figure that helped up the figures by a healthy 50%! Please hold the applause.
To make matters worse, if you are living in upstate NY, we are going to get plastered with snow starting Tuesday night and running through Wednesday.
Stay warm, be kind, keep positive, and remember that behind the freezing cold snow clouds is a bright friendly sun.
Reuters: Home sales tick up but job cuts deepen gloom
The pace of sales of previously owned homes rose for the first time since September and inventory declined, a bit of positive news amid a U.S. housing market crash that has chilled growth...Reuters: Job cuts mount; Pfizer, Barclays reignite optimism
Despite the corporate gloom, markets rallied on some of Monday's other news: No. 1 drugmaker Pfizer Inc said it would buy rival Wyeth for $68 billion, Barclays said it had no need to raise capital and sales of existing U.S. homes unexpectedly rose 6.5 percent.
3 comments:
The tidal wave is now smashing apart our economy and it will sweep the planet. I hope the Corp. establishment all rot in hell. They tried to hide this disaster last yr. to get their guy in but it didn't work out so now comes our reward.
Its quite amazing how extensive the damage is. Its hard to grasp.
One thing Obama has going for him right now is tremendous popular support. The right will work on how they can fracture people off this support by attacking from all directions. Its going to be a media war. The good thing is that the president gets the biggest microphone.
Plus, he's smart.
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