Global Capital Reserves: Job Cut Parade Continues

Global Capital Reserves

Monday, January 26, 2009

Job Cut Parade Continues

Job cuts announced this morning:

Phillips cutting 6,000 jobs
Sprint cutting 8,000 jobs
Caterpillar cutting 20,000 jobs
ING cutting 7,000 jobs
Home Depot cutting 7,000 jobs

Bloomberg is announcing an additional 72,000 job cuts today. That's one day!

S Benard at 8:46 AM

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About Me

S Benard: United States; I am a student of economics, financial analyst, and futures trader, specializing in agricultural commodities, and especially grains, but I also trade gold and other metals, soft commodities, treasuries, and stock index futures. I began trading spot Forex currency crosses in May 2003, and in August 2006, I met a futures trader who has been making a living in futures for more than 20 years, and he became my futures mentor. I've never looked back, and I am now head trader for Global Capital Reserves, my own firm. I also have both Bachelors and Master of Science degrees in business. I really enjoy trading futures, and hope to share my successes, a few failures, and methodologies.

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