jv103 on 16 February 2009
I keep hearing we are in a recession. I thought a couple weeks ago I thought I heard that economic indicators show that we are actually in a 'depression' by this point. I wasn't trying to blame a group as much as the consumer mentality, and the shift in our economic structure, that demanded more and more, without the money to buy more and more.
Honestly, I think unemployment will reach 10% (I'm sure it's actually close to that since they don't count 'discouraged' workers).
Did anyone notice that Walmart just cut some employees at their HQ? Why was that ? I was under the impression that their profits were increasing?
