- If you google "recession easing," you will
find articles all the way back to April quoting Federal Reserve Chairman
Ben Bernanke as saying that the recession is easing, and that the economy
is "improving modestly." Newspapers too, on their own, have written
rosy-tinged stories about how things are bad but getting better.
-
- Spins get put on every hint of good news, as when last
month "only" 11,000 jobs were lost (a story that was quickly
followed by an "unexpected" jump in new unemployment claims by
474,000 in early December.
-
- What didn't get widely reported was a report by the Association
of Financial Professionals, a trade association that includes CFOs, treasurers,
comptrollers, and risk managers of mid-sized and large corporations, which
asked over 1000 of these executives the question: "When do you expect
your company to begin hiring again?"
-
- The answer tells you all you need to know about the depth
of the current economic crisis, and blows all the media and government
happy talk out of the water...
-
- For the rest of this article, please go to:
- http://www.thiscantbehappening.net
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