It's the "many anticipating a need to reduce payrolls over the next six months" that has me worried. Over the next 6 months? That can't be good news for anyone. You know what they say: It's a recession when your neighbor losses his job but a depression when you lose your job. And we continue to lose a hell of a lot of jobs. Who's going to buy stuff and bail the economy out with so many job cuts. And even the ones that can find jobs, it is at a 30-50% salary cut. That has to affect the pocket book big time.
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