“Investors are coming to grips with the magnitude of how severely the
U.S. economy and global economy have and will slow,” said Adam Cole,
global head of foreign exchange at RBC Capital Markets in London. “Most
of the problems in the U.S. have a root in the lack of sustainable
employment growth.”
http://www.bloomberg.com/news/2011-0...oil-falls.html
What is that really saying? "THERE GOES YOUR JOB(s!)
If you are working now, you likely won't be, and soon. If you are
looking for work, give it up!
If you are public assistance, disability, social security, get ready to
tighten your belt -- you are going to suffer cuts in monies and benefits ...
Or, just simply, it is all doom and gloom.
Regards,
JS