Jobserve seems hellishly slow these days

[RichardCranium]

Or is there, underneath the recession, a change for the worse that will never get better? I suspect that there is.

There is, and it is called paranoia.

You can either listen to it, and it will come true, or stamp on it every time you see it and it won't come true.




Unless it is right, of course. What do your voices say?

[zamzummim]

Last IT recession started at turn of millenium and hit a trough in June 2003 i.e. 2.5 years from peak to trough. This time, the stock market started to plunge from August 2007 with IT jobs treading water until January 2008 and then taking a plunge. It looks like (according to jobstats.co.uk) it hit the trough about a month ago, so this appears to have lasted 1.5 years from peak to trough. The last recession came off the back of the dotcom collapse and the millenium bug work completing so it would make sense that the last one should be worse. Here's hoping.

Telecom was hit badly too, can't remember why, but many telecom people were out of work and lots of well known telecom companies closed down

[OwlHoot]

Talking about Jobserve, it's out for the count now:

The website is currently unavailable whilst we carry out essential maintenance.

Who'd plan essential maintenance at 1pm on a tuesday?

[RichardCranium]

Talking about Jobserve, it's out for the count now

Do try and keep up at the back.

[orac]

Double Dip and Swine Flu

There will probably be a "double dip" in October (historically when things go wrong in the stock market) and swine flu with knock 3% off GDP.

[zamzummim]

Oh yes, another reason for last recession was Bush/Blair's mission to find the fictional WOMD !!

[expat]

There is, and it is called paranoia.

You can either listen to it, and it will come true, or stamp on it every time you see it and it won't come true.




Unless it is right, of course. What do your voices say?

They say it's not looking good this time.

[OwlHoot]

There will probably be a "double dip" in October (historically when things go wrong in the stock market) and swine flu with knock 3% off GDP.

I don't wish to sound callous and all that, but if a couple of million people keel over from swine flu that would probably benefit the economy longer term.

[zamzummim]

Oh my Lord, I just got my renewal confirmed in writing, the renewal is for another 6 months, I am happy, but wonder if they’ll actually need me for the whole 6 months… whatever! for now am celebrating. The rate hasn't changed, same as the last 6 months only its below what I am used to earning, but as they are paying me per hour, I think I will give myself a rate increase by adding extra hours here and there

[sasguru]

Or is there, underneath the recession, a change for the worse that will never get better? I suspect that there is.

This is not really a recession at all. It is the payback after years of binge borrowing. And why did that binge borrowing happen? Becuase the country is uncompetitive and cannot support its standard of living.
So what you call a change for the worse is really just a reminder of the underlying reality that was there all along and which the politicians have covered up.
.