Gloom deepens as 70,000 global jobs go

http://www.ft.com/cms/s/0/bb8ec7c0-ebb7-11dd-8838-0000779fd2ac.html

 

It's certainly bad news but why are they trying so hard to report the bad news? It's like everyone is a bear now.

 

Check this math out
For each Job Loss, 40% might own houses,

75% probably still have a mortgage to pay. <b>So 30% will lose their homes.</b>

70,000 jobs = 21,000 foreclosures coming to a neighborhood near you.


Bad news or trying to be bad news?

 

It´s called "recession obsession" and every experienced journalists wants to be part of the "herd like mentality"...