UK: Conservatives plot to curb unions: Ministers have held secret meetings to block nationwide strikes this autumn as departments enforce spending cuts of up to 40 per cent and the loss of up to a million public sector jobs. 7.9 million jobs lost, many forever: The "recession" killed off 7.9 million jobs. It's increasingly likely that many will never come back. The government jobs report issued Friday shows that businesses have slowed their pace of hiring to a relative trickle.
Tuesday, 6 July 2010
By CNBC.com
The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday. Continue
By Ambrose Evans-Pritchard
Let us be honest. The US is still trapped in depression a full 18 months into zero interest rates, quantitative easing (QE), and fiscal stimulus that has pushed the budget deficit above 10pc of GDP.Continue
By Jeff Sommer
With the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely. Prechter is convinced we have entered a market decline of staggering proportions – perhaps the biggest of the last 300 years. Continue
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