Protect Yourself As Even Global Manufacturing Is Now Crumbling

In an ominous sign, factories around the world are slashing production in response to the darkening global economy and cutting jobs as well. U.S. production was barely break even as U.S. businesspeople join other Americans in losing confidence in the economy, as unemployment and foreclosures remain high.

While in Asia, South Korea and Taiwan cut production and China's expansion grew faint. In parts of Europe, manufacturing declined for the first time in two years as the financial turmoil gripping Greece, Ireland and Portugal is threatening economies in Spain, Italy and France. These are precarious times and people are scared as staggering sized debts mount in the U.S. and Europe with no answers in sight. Now we see the troubles spread to the global manufacturing sectors, the jobs engine of recent times.

Despite the optimistic statements from the U.S. White House, if you haven't yet slashed your overhead to protect yourself, please do so now. And if you have a house you need to sell, consult with a local real estate professional but price it to sell now and get out from under its financial liability. It is crucial that you batten down the hatches in the face of the storm already starting to come.

Dick
To learn more, please see "Global Gloom Buffets Factories," The Wall Street Journal http://online.wsj.com/article/SB10001424053111904583204576544243092319856.html