Replies to post #24953 on FinancialAdvisor's College Class (FACC)

[QuickTrade]

First Thomson Financial, then Kohls, now Nine West!???

First my sister in-law 12 years at Thompson Financial with an important position(& big salary) gets laid off with many other employees. October 07'

Then my mother in-law in December during the holidays gets laid off by the retailer Kohls. She's 70, can't assume she made more than $14k a year.

Now, my other sister inlaw who worked for Nine West for 13+ years, thought she was secure but the main office in White Plains NY is closing down. Everyone is laid off starting in a few months and will recieve severence pay for 5 months!?

This country is actually scaring me now. Not cause it's hitting close to home but because of what I'm seeing happening ALL OVER THE COUNTRY.

WHY AREN'T THEY RAISING INTEREST RATES AND CONTROLLING INFLATION???????????? That pisses me off cause thats what hurting the consumer & AND businesses!