Russell: What to do in a recession
The proverbial economic cherry has been popped — we’re officially in a recession. Reporters have become all too good at semantic tongue-twisting with phrases like “economic downturn” and “dip in the economy,” but finally, after months of verbal foreplay and heavy petting, our economic situation can finally be called what it is.
On Monday we learned from the National Bureau of Economic Research that the United States has been in a recession since last December. There is a part of me that is glad for the announcement. I have grown tired of reporters’ cleaver euphemisms, and recently...
I'm not sure a popped cherry quite works as a metaphor about the state of the economy. Is the notion that we're all finally screwed?
George Patsourakos
Because the American economy is in its worst state since the Great Depression, Yale seniors will have a difficult time obtaining a job after they graduate in 2009. They might have to accept a job that is below the professional level that they had hoped to obtain, but this is just one of the sacrifices that will be necessary in a collapsing economy. Attending graduate school for a year or two in order to "wait out" our sliding economy is not a good plan, because -- being realistic -- I beleieve that the current recession will get a lot worse before it gets better, and it will last for well over two years!
#3
Well, graduate school will increase your credentials and therefore your chance to get a better job. But yeah, that is if you can attend without significant loss. I'd say grad school is a good option if you're gonna get significant financial aid
Good luck with that. You will be traveling for a long time.
Like FDR, Obama's "New, New Deal" will prolong the recession, not bring its demise.
Great time for pessimistic investors, bad time for job seekers.