GeekMBA360

Career and Money Advice At The Intersection Of Business And Technology

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Are we heading into recession?

August 8th, 2011 · No Comments

I’m not an economist. But, like many of you, I’m very concerned about today’s market crash.

I actually felt worse than the 2008 financial crisis because I think we’re running out of options.

In 2008 the government was able to use stimulus packages to temporarily “stop the bleeding”. China was able to implement its own stimulus package to help stabilize the global economy.

This time around, the world governments are running out of options. European Union is absolutely in a mess. China is having its own issues. And United States government is in serious debt.

As of tonight, according to Market Ticker, “After being down 634 points today the DOW futures are down 264 more overnight at this point, or approximately 900 points in less than 24 hours.” I cannot predict what’ll happen tomorrow or next week or next month. But ,I do think we have not seen the bottom of this.

What will happen to job market?

Are we going to have hyperinflation?

How will the housing marketing react to recession and hyperinflation?

What should be your strategy for your career and personal finance?

I started this blog exactly three years ago to help people to go through the “depression 2.0”. Well, I have a feeling that I’m about to getting busy again to write about depression 3.0.

That’s okay – let’s get ready together – let’s  follow Warren Buffet’s advice:

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”.

Tags: Beat Recession

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