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"Worse-than-expected weekly jobless numbers" plus overall worries about a recession are driving stock future down today. CNBC reports that jobless benefits claims rose by a "larger than expected 15,000 last week." Additionally, there's also the news that Goldman Sachs will lay off 10% of its 32,500 employees, joining a number of other firms that will be firing employees after companies consolidate (Bank of America's purchase of Merrill Lynch, Barclays' takeover of Lehman Brothers). Also interesting from CNBC: "Most economists say the current downturn will be far harsher than the blip of the 1990-1991 or even 2000-2001 recessions."
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years of isiah thomas stories in chant form
http://www.nydailynews.com/sports/college/2009/11/14/20
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my fear, violent crime skyrocketing all over the united states.
Of course this is worse then any other recession in the last 60 years, what's coming is even worse then then Great Depression of the 30's.
It's going to be similar to the violent depression that followed the Civil War in the 19th century. I don't think most Americans know just *how bad* this is!
^ It ain't gonna be that bad but what's the difference? If you've lost your job and can't find any source of income, you are in the worst Depression ever.
Very True!