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Highest levels of Job cuts in the USA are sure to send shivers down the spine of the UK

The highest number of job cuts in the USA for 5 years were reported for September – 159,000 jobs were lost!
With the bail out plans blocked currently by congress where are our world markets heading? The only way seems down unless they can agree to pump the money in!
What goes on in the USA unfortunately does not stay in the USA. The UK are sure to see similar (in proportion) high job losses in these continued difficult times although the good thing is the head of the Bank of England has “vowed” to make sure he does everything he can to prevent any more banks going down.
I’ll believe it when I see it….
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