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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (44531)9/4/2008 3:23:50 PM
From: puborectalis  Read Replies (2) of 224718
 
As the decline in housing ripples through the economy more Americans seem to be worried about holding onto their jobs.

"It appears to me that the bursting of the housing bubble has triggered a classic economic contraction," writes Raymond B. a Fast Money viewer.

"Homeowners, having become aware of their loss of equity, begin to feel less affluent and decrease discretionary spending. Retailers' business decreases and some begin to fail, laying off employees who also need to curtail spending."

Raymond B. may be onto something. A recent survey by Rutgers University found that 15 percent of workers expect layoffs at their company over the next 12 months, while fully one-third fear they might be dismissed.
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