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14 months only puts us to the end of 2009 or so. I can't see how this recession will be over by then. 2009-10 will see a lot of ARM resets, and commercial real estate is starting to tank. So far reality has managed to be worse than everybody's predictions, so I'm sticking with that notion.
Wonderful news for someone who is about to graduate with a degree in the financial field!
On the other hand, you may have an opportunity as a new graduate: some companies will need to save some bucks but still need employees to perform tasks. A common solution is to lay off the people with years of experience (because their salaries are higher) and hire new grads to do the same work for less pay.
Just stay away from venture capital firms and investment banks.
The numbers are indicating this will likely not be an "average" recession. Quite a few grown adults may be throwing up on themselves and peeing everywhere during 2009.
Quite a few grown adults may be throwing up on themselves and peeing everywhere during 2009.
Weren't the Republicans doing that around 11 PM on November 4, 2008?
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