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Is anyone noticing?

Yahoo just announced it would cut 1000 jobs by February. Others will soon follow as they look at fourth quarter reports.

This doesn't look good for current job seekers or college graduates who will graduate in the spring.

What's going to turn this economy around?

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Print | posted on Thursday, January 31, 2008 10:09 AM

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# re: Is anyone noticing?

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Before you can figure out what will turn the economy around, you have to figure out what is dragging it down. Some say high oil prices are increasing the cost of goods, others say a weak dollar decreases our export profits, everybody agrees that the credit crunch has caused instability in the financial industry - which is the spine of our economy.

I think the credit crunch was the main cause. Money is what the US does and banks control the money. If the banks are in trouble, then everything goes to hell. Now that interest rates have been slashed multiple times, it shows that the govt will support the banks if they need help and we can stop worrying about banks going out of business.

Or to put it into terms that GWB like:

Economy.Strength = (Banks.ThisYearProfit > Banks.LastYearProfit);
Left by Tim Hibbard on Jan 31, 2008 11:12 AM

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