Add Reuter to the list. 3000 worldwide to be laid off.

Our President the ever "compassionate conservative" responds by reasuring India he will stop any attempt by state governments to legislate a ban on the outsourcing of our jobs.

http://timesofindia.indiatimes.com/cms.dll/xml/uncomp/articleshow?msid=21849

This is very similar to something comstockfunds had on their website about a month ago.

http://www.comstockfunds.com/index.cfm?act=Newsletter.cfm&category=Market%20Commentary&MenuGroup=Home&NewsLetterID=1006

I love contrariwise's post. It's interesting because they have a chart of the cycle of deflation. We're currently in Competitive Devaluations quickly steaming towards contrariwise's Protectionism & Tariffs.

Can't wait for 'Plant closings and debt defaults'. The fun is just starting. Greenspan and Bush have tried valiantly to stem the tide, but the correction from the overinvestment and excess debt of the late 90s will be too much to stop.

Cycle of Deflation chart.
http://www.comstockfunds.com/files/NLPP00000/132.gif

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