Stock Market Sell-Off To Resume Next Week? A Big Lay-off Begins In Dec. 1st, The True 1% Are Definitely Bearish, Fiscal Cliff Creeps Closer With No Signs of Optimism, Europe Is Entering Into A Full Blown Depression, And Global PMI Reports Coming Monday
City of Detroit – Layoffs Coming Feb 2013?
Resolution Copper Mining – up to 400
Update: Clinton Community College NY – 10
Celgard – 40
EnerSys Energy Products – 100
AM General – Confirms Layoffs, About 100?
Update: AT&T – 106 Landline Techs. in CT
City of Steubenville Ohio – 12 Layoff Notices
Cumberland Pharmaceuticals – 1/3 of its Salesforce
U.S. Steel Corp.McKeesport Tubular Plant – 142
Worldwide Flight Services in 51 in Honolulu
Orange Township Ohio – 22 Layoff Notices
Scentsy – 19
O’Hare Airport – 300 Janitor Jobs Cuts Possible
Glendale Adventist Medical Center – 21
The ones who control $5.6 trillion aren’t feeling optimistic. They’ve parked that money in low yield, limited access savings accounts at commercial banks.
from zerohedge:
As the chart below shows, rapid, dramatic shifts, characterized by massive inflows of cash into such savings accounts usually coincide with times of great monetary stress: the three biggest episodes in history to date have been the 2008 Lehman failure, the August 2011 Debt Ceiling Crisis and associated US downgrade, and the May 2009 First Greek failure and bailout.
Source: zerohedge.com
02 dec 02 0420
The largest ever weekly inflow, ~ $132 billion, occurred just 2 weeks ago.
Do these insiders know something we don’t?
**Our Economy Is In Big Trouble: Business Sales Is Slowing At An Increasing Rate, US Consumer Makes, Spends Less In October, Real Income Falls For Third Month, And Deflation Started in Europe Will Soon To Overtake The US**
Fiscal Cliff Creeps Closer With No Signs of Optimism
from Yahoo News:
City of Detroit – Layoffs Coming Feb 2013?
Resolution Copper Mining – up to 400
Update: Clinton Community College NY – 10
Celgard – 40
EnerSys Energy Products – 100
AM General – Confirms Layoffs, About 100?
Update: AT&T – 106 Landline Techs. in CT
City of Steubenville Ohio – 12 Layoff Notices
Cumberland Pharmaceuticals – 1/3 of its Salesforce
U.S. Steel Corp.McKeesport Tubular Plant – 142
Worldwide Flight Services in 51 in Honolulu
Orange Township Ohio – 22 Layoff Notices
Scentsy – 19
O’Hare Airport – 300 Janitor Jobs Cuts Possible
Glendale Adventist Medical Center – 21
The ones who control $5.6 trillion aren’t feeling optimistic. They’ve parked that money in low yield, limited access savings accounts at commercial banks.
from zerohedge:
As the chart below shows, rapid, dramatic shifts, characterized by massive inflows of cash into such savings accounts usually coincide with times of great monetary stress: the three biggest episodes in history to date have been the 2008 Lehman failure, the August 2011 Debt Ceiling Crisis and associated US downgrade, and the May 2009 First Greek failure and bailout.
Source: zerohedge.com
02 dec 02 0420
The largest ever weekly inflow, ~ $132 billion, occurred just 2 weeks ago.
Do these insiders know something we don’t?
**Our Economy Is In Big Trouble: Business Sales Is Slowing At An Increasing Rate, US Consumer Makes, Spends Less In October, Real Income Falls For Third Month, And Deflation Started in Europe Will Soon To Overtake The US**
Fiscal Cliff Creeps Closer With No Signs of Optimism
from Yahoo News:
“Absurd” — that’s the word one
top Republican Hill aide used to describe the plan that Treasury
Secretary Timothy Geithner presented to GOP leaders yesterday to avoid
the fiscal cliff.
And an aide to House Speaker Boehner described the White House’s offer as “completely unrealistic” and “a break with reality.”
Meanwhile, a top Democratic insider complained to ABC’s Jonathan Karl that “the Republicans have taken to screaming at us.”