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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (265841)	11/4/2003 12:09:10 PM
From: orkrious	Read Replies (2) \| Respond to of 436258

might it be possible that the challenger survey will be enough to derail this freight train? from bobcor Message 19464200 Raining on Shrub's parade: 10:16AM Challenger reports a surprisingly large 171,874 layoff announcements in Oct : Challenger reports a surprisingly large 171,874 layoff announcements in Oct -- more than twice the Sep pace (125%) and the largest since Oct of last year. The data isn't seasonally adjusted which appears to contribute to the upturn -- a 150% increase was seen in Oct 2002. By industry, autos led the decline followed by retail, telecommunications and industrial goods. The layoff announcements lead payroll growth given the time lag between announcement and actual layoffs. That pretty much reinforces my belief that this "recovery" is going nowhere fast. Why, with a banner quarter behind it, are all these corporations laying off by the thousands? Just in time to be caught shorthanded for the big recovery? LOL! The Q3 numbers amount to a huge wealth transfer from the federal government (ie you and me) to big corporate Amerika, nothing more. Transfer $500B to the private sector by racking up debt and of course you can make them profitable. However, they are obviously not letting it "trickle down" by adding jobs, so it will not be self-sustaining. Here's hoping the Emperor is shown to have no clothes before the election...