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it is going to get worse, a lot of large companies are working off their order backlog and nothing is coming in. Unfortunately it appears to be global so there isn't any offset to a slowing US economy.
The crazy thing though is retailers are reporting being 5 pct off same store sales.
Cisco is downgrading earnings by 12 pct.
My un-named employer has also announced lower earning but about the same pct and is tightening things up
It's not big numbers outside of auto and financial sector but there seems to be rising tension everywhere.
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