Microsoft lays off 5000 people for the first time in their history. They didn't have mass lay-offs during the dot.com crash (2000-2001), but now they are reducing their staff by 10%.
There is nothing the government can do to stop this mess. The more they intervene the worse it will get. The DOW was 10800 before the 700 billion gift to the banks... everybody, except the morons in Washington, knows that intervening in the free market by the government always has horrendous consequences. It's called negative externalities. The market works best without government intervention.
Worst thing they can do now: throw some more money in the bottomless moneyhole of the banks. If they do, there will only be government (created) jobs left in 5 years.
Meanwhile 9 ounces of gold are enough to buy one share of the DOW, the countdown has begun.
Extremely funny, must see(BBC)
part 1
part 2
Sunday, January 25, 2009
You know the depression is for real when
Geplaatst door RamsesVI op 6:30 PM
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