In the last couple of weeks, we’ve seen announcements of hundreds of thousands of layoffs from companies as supposedly solid as Caterpillar, Pfizer, Alcoa, Sprint Nextel, Home Depot, Intel, IBM . . . and the list just keeps growing. In other news, Exxon just announced a record yearly profit. That’s not a record just for them; it’s a record for any company, anywhere, at any time.

Conclusions are left as an exercise for the reader.