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>> AMERICAN EXPRESS Latest News

OCT 11, 2013 - Zero Hedge

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If We Are In An Economic Recovery, Why Are Major Corporations Firing Thousands?

Submitted by Jim Quinn of The Burning Platform blog, We already have declining real wages. Small businesses are geting wiped out by taxes, regulations, and Obamacare. These mega-corporations are firing thousands. Retail and restaurant sales are plunging. Consumers are scared straight and are reducing credit card debt. Government spending in states and localities is declining because they are required to balance their budgets. The Boomers are old, with no savings. They can no longer live in a delusionary credit bubble. Sounds like a reason to buy stocks.  Ten American Companies ... Read More

Tags: If We Are In An Economic Recovery, Why Are Major Corporations Firing Thousands?,  American Express Latest News