Here's some of the latest from today's headlines; -Xerox to Cut 5 Percent of Staff -GM Suspends Employer Match, Cuts Jobs -Chrysler to Cut 1,825 Jobs -Goldman Sachs to cut about 10% of staff -Massive Mutual Fund, Hedge Fund Job Cutbacks The ariticle I read to get the above data suggest unemployment levels to reach 8% in 2009. Personally, I think we could easily reach 10% in that same period based upon the rate of job cut-back announcements. The above companies are all blue chip core American icons. Is this doom & gloom? Of course not! It's just the harsh reality of the price Americans have to pay for purposefully avoiding a much needed recession in 2001 and creating an economic bubble in its place. Based upon the severity of economic indicators and the volatility of the stock markets, it's impossible to predict where the US economy will end up when the dust settles. But I think we all know we'll never return to a period like we've just experienced...at least we should hope we don't.