The worst in 34 years. Lay offs will get worse.
Interestingly enough, the stock market is not reacting poorly, which is a good sign.
We have noted several times that when the bottom (either short or long term is in), stocks will no longer go down, but up on bad news.
http://bloomberg.com/apps/news?pid=20601087&sid=aLgwfpZSD.R0&refer=home
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