Summary
Job losses continue to escalate
Analysis
All Tunnel no light- hold your breath- this wave is a big one. A recent unemployment report showed that unemployment figures are expected to increase by yet another 3.1M during 2009. Until the US can stop the job losses, the US and global economy will contract. Cash is king as credit will be less available- we all know the rest. The darkest part of the night is just before dawn- and we are just approaching the midnight hour...
This author consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
