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2008-12-08 Home Front Economy

Fears of a million layoffs a month in corporate America

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Posted by Anonymoose 2008-12-08 00:00|| || Front Page|| [5 views ] Top

#1 Why is this article comparing to 1974, anyways?

The thing that caused the crisis then was oil prices skyrocketing, the opposite of what is occuring now. If energy prices stabilize or continue to fall, that could evaporate a lot of the added interest expense for companies, making things a wash.

I do think there'll be more layoffs, but to predict these numbers right now doesn't make any sense.

Posted by no mo uro 2008-12-08 08:59|| 2008-12-08 08:59|| Front Page Top

#2 If you look around, there's a lot of readjustments going on. Some areas of the economy are not going to recover, particularly in areas like MSM [to paraphrase Seinfeld - not that there's anything wrong with that]. Some businesses operations that work at the edge or upon unique aspects of the economy are also going to suffer as currancy flows contract to what people believe and pay for as essentials. Some geographical areas will also be hit hard and take a long time to recover, if they do at all, because of embedded policies and laws that those in power are reluctant or unwilling to change. Adapt or perish.

Posted by Procopius2k 2008-12-08 09:11|| 2008-12-08 09:11|| Front Page Top

#3 Deflation does tend to lower money velocity which isn't a good thing.

Cutting taxes on incomes and spending would be a good idea at this point.

Posted by Bright Pebbles 2008-12-08 19:14|| 2008-12-08 19:14|| Front Page Top

#4 Note to Congress: as long as these layoff fears continue, i do not really expect a lot of people to be in a new car buying mood. It might not be a bad idea to think about that before you agree to hand that big ol' check to the Big 3.
i know i have shoved my car buying thoughts back about 18 months or so. and fuggitabout the new RV.

Posted by USN,Ret. 2008-12-08 22:06|| 2008-12-08 22:06|| Front Page Top

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