The bottom line...which means...what's it going to cost? Is the recent
Merrill Lynch 7.9 billion dollar crunch which will include thousands of jobs
lost by ML employees.
They are stating here that this could result in a 40,000 job loss in the NYC
financial sector and indirectly 100,000 in the city.
Their maybe millions living in the city but these are some of the real high
end pay check jobs in the financial sector.
The article starts off by asking the question what would it take to push the
economy over the cliff? Though they seem to be saying: It's already over the
cliff it's just that when we are in free fall you will never hear the splat
that's coming .....since we are the splat.
Crude closed up @$95 today
Pump price locally is up @$3.27 for regular
Gold up @$795 per oz.
The dollar is down against the currency basket @ 76.50 which is an enormous
drop in value against the worlds currencies. The dollar is/was considered
the world reserve currency and had been holding at 80 or better.... for
months.
So when Sec of Treasury Paulson tells us he is "supporting a strong dollar."
Then what has been happening recently must indicate he is now vacationing on
the moon.
Have you noticed all the wonders of high tech finance have not come up with
a solution as to how to put the tooth paste back in the tube?
Is their a reason for me sending this article and my dismal comments and
conclusion?
Yes, you may want to seek financial shelter as the great leader himself is
not about to come on the Boob tube too inform us: "Houston we seem to have
problem."
And also the dear leader along with Mom, Dad and clan recently bought a
100,000 acres in Paraguay which may seem god forsaken but it does have
water, food and security.... from the likes of us.
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