This is the second shoe to drop, earlier this year i suspected that oil prices would go up ( because of printed money having to go some where) and the state and city debts being another huge hit ..

http://online.wsj.com/article/SB10001424052702304584004576419454116902030.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsSecond

http://www.reuters.com/article/2011/07/01/us-washington-tourism-idUSTRE7606N020110701

http://www.reuters.com/article/2011/07/01/florida-layoffs-idUSN1E7600RD20110701

http://www.reuters.com/article/2011/06/30/us-usa-economy-interns-idUSTRE75T3FK20110630


 The rising number of older interns now is symptomatic of the broader crisis in the labor market in which millions of Americans cannot get the kind of work they want.
While the unemployment rate ticked up to 9.1 percent in May, almost 16 percent of Americans were underemployed in the same month -- either out of work but looking, working part-time involuntarily or discouraged from searching for a job.




 As with Wisconson the state employees and specifically the teachers unions will continue to demand more even as the state struggle to make budgets...

This is the second  shoe to drop, earlier this year i suspected that oil prices would go up ( because of printed money having to go some where) and the state and city debts being another huge hit .. Also housing must continue to drop and the whole specter of getting clear titles and the properties sold and all asset holders settled is a very daunting  hurdle to clear still..