More layoff's, not to worry. The "experts" say the small and middle size companies are picking up the slack and that unemployment is at a 24 year low, the US economy is great, the stock market is great, blah, blah, blah.
Oil and other commodities hit 22 year lows with countries such as Venezuela, Mexico, Russia, Australia, Canada, OPEC members having their resource revenues decimated. Japan, Indonesia, Thailand, China, Hong Kong, Korea and the rest of Asia continue their ecession/depression with trillions in bad debt. Companies are once again issuing earning warnings (surprise!).
Not much has changed since July and Mr. Greenspan may once again be forced to cut rates sooner rather than later. The eye of this hurricane has passed, the wind and rain are starting to pick up again and the sheeple are ill prepared for tidal surge that's still to come.
On a final note the Slickster is nervous and when he's nervous, he likes to declare a war on something. Last time after the 8/17 debacle speech he cut his vacation short, bombed an aspirin factory (which the Sudanese govt begged the UN to examine) declared a war on terrorism and went back to Kennedyville, MA. What a war, I almost slept through it.
Watch for Iraq or even a possibel N Korean action. N Korea would buy him weeks and 5 new Democrats in the house where as an Iraq bombing would buy him a couple of days at most. |
