Hey guys, I am not making things up here. Many well known analysts in the press already suggested the firing (done, in progress and ongoing) already dwarfs the worst in the GFC.
My messgage here is...what does it mean to your housing investment ??
Well, read this story (of what is the tip of the iceberg). Reminiscent of the recession we had to have back in 1990. Never seen so much blood in the financial sector - a tell tale sign that the tower of pisa is starting to creak.
The scary part is not these people but the hundreds already "let go" by not having their contracts renewed. There is now an army of previously well paid IT people without a contract (a job).
I know many folks whose contracts use to be renewed by 12 months are now done 2 months at a time (those are the lucky ones).
