Job losses jolt Wall Street

Wall Street down as unexpected job losses rise. This cannot be a max major surprise. Well, as I have said before, there is no recovery. Basically, you need jobs for there to be one. That is the critical ingredient that is missing. Without it we cannot have an expanding economy. What we have now is a sales slump that makes states worry. Mostly, because they get a lot of money from an increasing sales tax which is no longer there anymore. Much of that money is gone. Sadly, now there is a shortfall in revenue. If the federal government does not intervene, we could see states going bankrupt as early as next year.