...this, probably before person #1 of the 30,000 or so job cuts announced last Monday has actually been laid off. These days where as many people get laid off in one day as if a large multinational corporation just went under are becoming so common that it barely raises anyone's attention anymore. Very, very few companies, even the largest, have more than 30,000, let alone 58,000 employees. The job loss rate is accelerating at an unprecedented and alarming rate, and few people are talking about this, let alone emphasizing it as a primary concern. And that is why we're headed for a severe crash. The risks to the U.S. and global economy from a much higher than anticipated unemployment rate can not be overstated at this point. 10% unemployment will seem like a 'virtuous wish' at this time next year.