Quote:
Originally posted by Vandematram
Balwinder Gill is not the only South Asian woman who drives a truck. But she is the only one who would talk to the Star.
Now that's a ray of inspiration.
I didn't read the whole page, just can't, but this one line was enough for me.
The market will crash so bad that it will leave even the most talented in dire straits - folks we are entering the greatest depression world has ever seen - and the governments can't print, tax or borrow their way out of it.
Also since you mentioned you are in IT - even from India 70-80% of all BPO - IT, call center, legal, medical jobs will disappear by end of 2009 / mind 2010.
In general worldwide IT spending (considered discretionary for most part ) will be slashed by 80% or more- also financials which are the biggest consumer of IT are effectively insolvent . Citi and BAC will be nationalized anytime wiping out whatever little is left of the share holders.
Furthermore there will be protectionism - e.g the companies recieving fedral aid in US are obligated to hire only American candidates.
Chrysler , GM and Ford will file bankruptcy this year - pulling down 9 million + jobs with them in North America.
Dow & S&P will be in 3000 -3500 & 400-425 range respectively - effectively wiping away all of the wealth and that means people who were thinking to retire off of their 401 ks and mutual funds will have to keep working - which will further exacerbate the competition for jobs in a very tight market.
Also we are looking at food shortages and expensive everything - lots of farmers have not been able to get credit and due to the temporary defaltion there is no incentive to grow.
Civil unrest, riots , shortages, crime etc will all be part of our day to day lives.
Location: Brampton, Ont, Canada
Posted on: 23-02-09 08:56:04
jinxed - isn't it to much ?
Everyone knows that Canada along with US and world is facing recession...
things doesn't look to great and will might get little worse.
BUT U R STRETCHING TO MUCH - DONT SCARE PEOPLE, IF U CANT GIVE THEM HOPE DON'T BREAK THEIR MORAL.
"Civil unrest, riots , shortages, crime etc will all be part of our day to day lives. " - WHERE DO U GET ALL THIS ? - this will only happens if there is HUGGGGGG change in world , like natural disaster on huge scale or full scale world war.
other wise i dont see we are going that far
U R FREE TO PUT YOUR OPINION - BUT PLEASE DON'T EXAGGERATE.
Remind u guys although there is some company laying off - others are hiring in big scale.
there is new projects and development still going on
ppl are still investing money
all this happening still and it might be not as previous year but things are still working and will work - its just everything is cooling down for while - i guess that is normal everywhere u get ups and downs for while.
So no need to get panic , relax and invest in safe investment or take your time to take big expenses
good luck to all of us
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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)
Location: Brampton, Ont, Canada
Posted on: 23-02-09 21:38:23
'There will be blood'
U do believe on those articles ?
Like All those expert were advising to get into RE market ... they were giving big speech too ? but wat happen >market is crashing finally. u dont need to rely on anyone's predictions . if that was true then this ppl would have take early steps to stop recession. - they can just assume but they are not Almighty
Although , No one can predict future but i strongly oppose ... IT will not go that bad.
there will definitely no word war situations
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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)
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Sunny Leone a true Canadian DESI now back in India !.
Hello folks,
Thanks for your time and giving your two cents.
Thanks
newincanada
