The Year of the Ox could not have had a more ironic start. While the Chinese greeted the lunar new year, hoping that the coming year of the Ox will bring wealth and prosperity, the other half of the world saw announcements of more layoffs and a country on the verge of collapse.
With each passing day, the world economic situation is getting dire and dire. The first and foremost question on most people minds is are we anywhere close to the bottom, or is this just the beginning of what looks like to be a long drawn out recession affecting all parts of the world? Lets hope that the former part is true
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