I managed to work as a contractor during 2003, after that the market became better. I guess that's the tendency - employment opportunities are going to be kind

I managed to work as a contractor during 2003, after that the market became better. I guess that's the tendency - employment opportunities are going to be kind of short lived. If you didn't manage to get into a job that is business critical, then I wouldn't count on a steady job. they like to get rid of the workforce in layoff rounds. For me that was very depressing, in the end i was laid off in another of these layoff rounds. But still there is demand for getting stuff done, and places will be more inclined to hire people specifically for a set of tasks, on a contract basis. I still hope it is not going to get that bad; I didn't have a wife and three kids to feed back then, also I was some twenty years younger. In any event: my advice would be to keep your savings and refrain from taking up any new loans...