More of the same.

Discussion in 'Wall St. News' started by KINGOFSHORTS, Mar 25, 2009.


    Reports of deep job cuts at International Business Machines (IBM) come at a potentially delicate time for the company—just as it is hoping to secure money from the federal stimulus package. The company will lay off as many as 5,000 U.S. workers in its Global Business Services unit, transferring some of the work they performed to India, according to media reports.

    #1 export jobs
    #2 export debt
    #3 import goods and services.
    #4 take taxpayer money, nationalize losses and privatize gains.

    Nothing has fundamentally. This is why I am still bearish on the US.