bargains

That buyer who’s walking around with something? Name a higher price.

Sometimes all you can really say is “ouch.” Over half a million jobs lost in November in the U.S., bringing the total jobs cuts this year to 1.9 million. A couple of weeks ago when David Rosenberg said he thought there would be 3 million U.S. job losses before this crisis is over, that sounded excessive. Not anymore. I am making a personal rule to stop doubting David’s forecasts about how bad this could get.