More Job Cuts Coming

In the last couple of weeks a number of people I know have been laid off.

Anyway, from Financial Times today:

The Business Roundtable, an association of 150 CEOs whose companies employ over 10m workers, said a survey of its membership showed that 60 per cent were expecting to cut jobs next year against just 11 per cent who said employment in their companies would grow. More than 80 per cent said they expected to hold or cut capital expenditure over the coming year.

What, we’re here with no paddle?

And the stock market will react by going up another 200 points.