U.S. not alone in dealing with uneven economy

We got a dispatch last week from one of our clients in Australia, who assessed the situation in his country thusly:

"It is not fear or panic here. Some firms will be faring better than others depending on their circumstance. I have not heard of huge wholesale layoffs. The Australian market is definitely not about fear or panic. We are actually happy about the labour correction. Yes, we do not have sufficient forward work, so we will also put people off to adjust."

So when you wake up tomorrow morning and think, "Am I in this alone?" remember that your brothers and sisters around the world are in the same spot.

Ed