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Fark it. They're already starting to talk about a Recession. Shite. Who'd have guess that extraordinary levels of household debt and a whole lot of dodgy loans in the US (and elsewhere) would lead to financial collapse. Who are these idiots who make this stupid decisions and take such huge risks with everyone's money?
And when US consumer confidence takes a nose dive the rest of the world will soon follow.
Fuck. I've lived through at least three of these things. The was the Nerds-only bubble collapse in 2000 that ended up trapping me in the same job for five years. Then the one in the early nineties - the recession we had to have. They always start out the same... Investors do stupid things... The stock market has a "major correction" (read: collapse) and then suddenly jobs become hard to find. American consumers spend less. China exports less. We can sell less coal. And eventually every sector is slightly fucked... *sigh* Well, I can always go back to Defence I suppose.
And at least I don't have a fucking mortgage. I hear mortgage defaults and personal bankruptcies are up 30% from last year. Fun.
And when US consumer confidence takes a nose dive the rest of the world will soon follow.
Fuck. I've lived through at least three of these things. The was the Nerds-only bubble collapse in 2000 that ended up trapping me in the same job for five years. Then the one in the early nineties - the recession we had to have. They always start out the same... Investors do stupid things... The stock market has a "major correction" (read: collapse) and then suddenly jobs become hard to find. American consumers spend less. China exports less. We can sell less coal. And eventually every sector is slightly fucked... *sigh* Well, I can always go back to Defence I suppose.
And at least I don't have a fucking mortgage. I hear mortgage defaults and personal bankruptcies are up 30% from last year. Fun.
