Friday, March 7, 2008

Tomorrow's news? Today's blog! (yes, I'm psychic)

From a 5 March post:
... executives are now looking at fairly consistent economic bad news. How will they respond? They'll over-react! They'll cut headcount, cut procurement, cut output in anticipation of decreased demand.
And today's headline?
Employers slash jobs by most in 5 years
The article notes that,
WASHINGTON - Employers slashed jobs by 63,000 in February, the most in five years, the starkest sign yet the country is heading dangerously toward recession or is in one already.
...
Job losses were widespread, with hefty cuts coming from construction, manufacturing, retailing, financial services and a variety of professional and business services. Those losses swamped gains elsewhere including education and health care, leisure and hospitality, and the government.
The blog post referenced at the top of this post concludes, "I'm betting things get worse before they get better."

[Note: this is simply the latest in a long series of examples demonstrating my psychic ability. If you want to know next week's news, read this blog today!]

1 comment:

P M Prescott said...

Batten down the hatches, it's going to take 20 years to clean up Dubbya's mess.