Save all your money, the stores will all close.

Today I was listening to TWIT. They were talking about the tech layoff’s. I also heard about other stores laying off people as well as closing stores. It seemed to me that the bad news about the economy may be a self realized prophecy. By laying off thousands of people a loss is being created in the purchasing of goods. Because the goods aren’t bought, more lose jobs and less is purchased so more lose jobs…

Perhaps the companies need to find a way to ride it out without laying off people. Work less hours, reduction by attrition perhaps. Could the bailout money be used to keep people employed and paying their bills? Buying goods?

I don’t profess to being an economist, I just think increasing unemployment will only make things worse. The doom sayers are making an environment that has everyone creating the problem they are being warned about.

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