What Can Go Right

What Can Go Right

Reasons to be economically cheerful.

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Submitted by Dominick R. on Wed, 04/01/2009 - 12:26am.

IBM layoffs

Even the United States can’t deny the fact that even the most powerful country in the world can also suffer hard times especially now that we are all suffering from the global financial crisis. Even large companies from different industries are also hurting from this economic chaos. IBM or the “Big Blue” just announced recently about their layoff of 5,000 workers and decided to outsource jobs overseas. IBM and other tech industry giants have been outsourcing for years, as it keeps them from getting short term loans to stay afloat, I guess. Granted, it doesn't do their communities, the families of those afflicted, and the country in which they live in any good. So now, IBM layoffs have joined the ranks of so many other companies.

Submitted by stevetravel04 on Sat, 11/08/2008 - 12:29pm.

Please . . .

#1 As consumers get their cards cutup expect new iphones and laptops to collect dust. As advertisers start to tighten the belt watch google's revenue growth drop.

#3 TELL THIS TO THE AUTO INDUSTRY. The consumer has been shut down here. As the fear of getting canned ripples through the economy expect people to continue to wait to buy a new car - or any other big stuff (furniture, appliances, vacations)

#4 Please, end consumption and plans for such drive all these other businesses. Folks like US Steel and Nucor are seeing the prices and qty of steel orders plummeting (in part because of the auto crash) There are lots of great industrial companies but if they don't have customers they won't have profit, no profit means fewer jobs and investment.

Toyota is a great company - but as unit sales plummet they too lay people off.

#5 The oil price drop is great - too bad its driven from a crashing economy, and it's going to pound the renewable efforts.

#6 Happy thoughts and T-shirt sales will fix this though. Heck, if we can't sell enough T-shirts maybe the 4th qtr gun sales will help. :)

Submitted by nasochkas on Thu, 11/06/2008 - 3:45pm.

regarding #3: have you seen

regarding #3: have you seen the retail numbers?