Goodsounds;380125 Wrote: > Precisely, I was perhaps equally amused by the comments. > > For those with no access to print media, talk to someone who works in > banking or finance, real estate, manufacturing, or consumer > products,etc, to understand what is happening. Trying to find evidence > is not hard, but looking around in a Walmart or a barbeque restaurant > doesn't quite cut it. > > Oh, and in the US, restaurants have the highest rate of business > failure within the first two years of any type of business. That's not > new, it's been this way forever. That's why this person sees them open > and close.
I don't disagree with anything you say, but I suspect there are a number of posters who are old enough to have worked through the 80-82 and 90-91 recessions and seen many of the same things. Despite what I have heard commentators say in the print media recently, they were just the same as this (at least from the banking/finance/manufacturing/real estate perspectives) at least so far, and the predictions just as gloomy. I was in my first job out of college and absolutely bricked myself thinking that life was over. Am a bit wiser now, and have taken the precaution of building up six months of mortgage payments and bills in savings ever since (appreciate that isn't achievable for everyone but it's a good habit to have). The thing that is perhaps different about this one is the impact of globalisation which simply wasn't the same factor back then. At this point it's impossible to say if the current recession will follow the familiar track or twist off into something new - but so far I've not seen anything that new. -- Siduhe Who am I on 'LAST.FM' (http://www.last.fm/user/siduhe)? "-Siduhe Loved Tracks radio got the thumbs up. Feedback included: yeah, it's good... got the odd dodgy track tho...-" (c) 'ModelCitizen' (http://www.last.fm/user/Modelcitizen) ------------------------------------------------------------------------ Siduhe's Profile: http://forums.slimdevices.com/member.php?userid=723 View this thread: http://forums.slimdevices.com/showthread.php?t=57742 _______________________________________________ discuss mailing list [email protected] http://lists.slimdevices.com/lists/listinfo/discuss
