recession on us?
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- monkeyshine
I just got a scary email from a recruiter agency that began with "A foreboding Monday morning Deanna!" and continued on about how the recession is almost here and I'd better make sure I'm secure before it hits full force.
WTF?! Do you guys think that we're really in for it?
- maximillion_0
FTSE 100 5670.5 down -231.20
Dax 6905.9 down -408.30
Cac 40 4827.3 down -265.07
Dow Jones 12099.3 down -59.91
Nasdaq 2340.0 down -6.88nah
- mbr0
if things go really bad, and it is possible, then the DOW could go down a few thousand points. If that happens, we are in serious trouble for a very long time (this all has to do with the greed and subprime mess, which could have a chain reaction - nothing of which we have seen yet, tip o' the ice burg).
I'll be happy if we just stay in a recession and recover as a normal, which really isn't that long.
I'll remain optimistic until proven otherwise (optimistic as in this is a good buying opportunity, normal/short recession)
- jaylarson0
if it goes down a few thousand points, it'll be a GREAT buying opportunity yo!
- ornj0
I'm hoping for a good recession to cleans the fat and filth out of mainstream society.
- that and bootlegging.Corvo
- I have always thought of it this way. Like a heavy rain to clean the air.Studiospooky
- gramme0
Economic Fouty?
- Studiospooky0
Dear Monkeyshine,
That's 'marketing'. It probably went something like this...A foreboding Monday morning Deanna!, well, the recession is almost here so I thought I'd write and panic you a little by suggesting that you'd better make damn sure you're secure before it hits full force. We at [insert company name here] Incorporated are working hard to minimse the tragedy for you, our valued client. And exclusively for you as one of our very bst clients, we would like to offer you, for less than 95% of the original market value, this vacuum sealed hygiene bag containing a catalogue of our overpriced desirable products, a voucher for 10% off your next telephone conversation with us, and this charming little pencil top shaped like Marge Simpson's hair. All for hunded fiffy dollar. Remember, the recession is coming, and this one is a bitch.
Yours Sincerely,
A Random
Marketing Minion- "Dear Monkeyshine"
pricelessDrno - LOLjevad
- I like this n00b.Jaline
- Dear Stuiospooky,
You're absolutely psykik.monkeyshine - I knew you would say that Monkeyshine.Studiospooky
- "Dear Monkeyshine"
- JerseyRaindog0
http://news.bbc.co.uk/1/hi/busin…
MARKET DATA - 17:58 UK
FTSE 100: 5578.2 down -323.50
Dax: 6790.2 down -523.98
Cac 40: 4744.5 down -347.95
Dow Jones: 12099.3 down -59.91
Nasdaq: 4043.3 down -12.20
- Jaline0
*watches from Canada
- Jaline0
Will this be like 28 Days Later?
- Yes, just like that, but scary.Studiospooky
- Similar, but with less rabid Ewan McGregorukit
- ... or more if he does another *epic* fucking bike ride with that other irritating bummer.Studiospooky
- And with a great soundtrack, like 28 weeks later.blaw
- God I hope you're right Blaw. Nothing sucks like a recession with shitty music.Studiospooky
- ukit0
Could this actually be a blessing in disguise for freelancers? With agencies hiring less people, maybe they will be looking to hire outside people more...
*tries to see silver lining*
- Yes. I freelanced through two recessions as a designer and was laughing all the way to the bank.Studiospooky
- thats good to know!Faction18
- I was laughing all the way to the bank becuase I was high on crack and about to attempt armed robbery.Studiospooky
- heh.MrOneHundred
- lolukit
- thankyou for making me laugh :)
Iggyboo
- blingy0
I am gonna buy all your shit during the recession and use it to solidify my control of the world.
- TheBlueOne0
Cool, we can all be hobos...
- gramme0
I hope this is all over in time for us to sell our house a few years from now.
- TheBlueOne0
"``The monolines are dead, their business model is dead,'' said David Roche, head of investment consultancy Independent Strategy in London. ``The government is going to have to recapitalize this industry or there will be communities in the U.S. where they can't even flush their toilets'' because they can't afford the services."
http://www.bloomberg.com/apps/ne…
Ah, good times.
- nice to know that tax money will clean up their mess. Maybe a bad time for a rebate cheque?monNom
- i don't really even know what that statement really means.Faction18
- Monolines are the companies that insure debt vehicles. If they can't insure bonds, well..TheBlueOne
- mrdobolina0
//ahh de-regulation... let the market figure it out...
- Funny how all these "free market" guys scream for government handouts now...TheBlueOne
- TheBlueOne0
If you live in US cities look out for falling financial managers and stay at home day traders jumping from buildings sometime aruond noon-ish I'd say...carry an umbrella....
- He did need to lose that 5lbs in my opinion.Studiospooky
- yikes. he needs to read Creating Affluence by Chopra...and perhaps a hug.monkeyshine
- I'm at work and have no sound what is this all about?weave
- lost a crapload day trading on the global markets.inhaler97
- Drno0
should we bring democracy to the stock exchange??
- Studiospooky0
Weave, its a gambler bemoaning the snap-back that has just completely cleaned out the big cash reserve he'd built up shooting craps. He's had a bad week. He's lost 80% of his fortune in two days. he sees no future. He's lost hois sex drive, his desire to socialise and 5lbs... all in the last two day's trading. he's predicting big bank collapse and numerous suicides in the financial arena. He concludes by thanking the short traders for fucking everything up.
- Thanks Spooky. It's not easy to feel sorry for him and I'm not one for trying.weave
- Don't feel sorry for him at all..but there's going to be lots of people out there like this...TheBlueOne