Saturday, January 17, 2009

Even More Layoffs

In addition to the post I already made about some recent layoffs, check this out. Circuit City takes the prize with a liquidation and closure totalling roughly 34,000 layoffs. Most of the respected economists insist we are only at the beginning of this mess. About half seem to think the "bottom" will be April or May. Others think it will rebound slightly when the weather warms and then drop again in the Fall before recovering in early Q1-2010. Sheesh.

So I have ask all the mortgage agents, bank execs, credit lending firms out there: Was the greedy short-sighted bullshit all worth it?
Post a Comment