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February 23, 2010
BLS: "Mass" (at least 50) layoff events SURGED in January
ZeroHedge has the scoop and some very scary looking trend charts
Gosh, I wonder why consumer confidence unexpectedly plunged recently? Normally, I'd blame it on the introduction of some crap product like New Coke, a Tylenol cyanide scare, etc, but today I got nothing. The recovery is cruising along nicely, the deficit is well under control, gas prices are expected to spike over $3/gal by summer, and Obama want to glom your 401K assets and turn it into a government paid annuity.
What's not to like? Its all good. GOOD. Mass layoffs just seem kinda anti-state, counter-revolutionary. Perhaps some nice show trials will lift our mood? Everyone like show trials, right?