The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (138535)	8/1/2008 9:13:06 PM
From: DebtBomb	Read Replies (2) of 306849

Put some lipstick on the pig. More pink slips are expected. Analysts predict a half-million more jobs could disappear over the rest of this year and say unemployment could climb to 6.5 percent by the middle of next year. With the employment situation deteriorating, there's growing worry that consumers will cut back on spending later this year, further hurting the economy. "People will absolutely shut off the spending spigots given the soured jobs market," predicted Richard Yamarone, economist at Argus Research. "The economic environment is in crummy shape." Jobless rate climbs as 51,000 jobs vanish biz.yahoo.com

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