Wednesday, April 22, 2009

Employment situation sure to weaken...

This just the latest indicator:

GM Closing Plants For 9 Weeks This Summer Says AP (GM)
The Business Insider - ‎53 minutes ago‎
With the company about to default on its debt, closing the factories makes sense. The other reason for closing the factories is that nobody is purchasing ...

Other economic fundamentals - housing, banking, MEW, consumer credit, retail sales, trade, etc etc continue to worsen....

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