There has been a total of 533,000 jobs lost in the month of November. There was a recent economic forecast that we would probably be receiving about 320,000 job cuts–so the 533K number really hit people this morning. It was officially announced earlier this week that the United States of America is officially in a recession–and has been since December of 2007. Yeah, who woulda guessed?
Current market position as of writing this: Down 148.30 -1.77%
Along with this, there was also a recent approval for the sale of Merrill Lynch to Bank of America. If there wasn’t a sale, I’d expect to see “MERRILL LYNCH BAILOUT NEEDED ASAP!”–so, it’s very nice to see there is some movement in the “private” sector. The government has been hearing enough from the auto and mortgage industries… I wonder what’s next?
That’s all for this morning, folks! If you haven’t noticed, there hasn’t been writing on this blog for the last week. Apparently some people think it’s funny to spam the crap out of the blog with Viagra ads and such, so I just finished spending about 6 hours reparing and securing the blog. Posts will continue coming normally. For those that haven’t done so, bookmark the blog!
Enjoy bouncing through our shaky finacial times!
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