ocamlback

2 ms·

1. 1.▲
   by ocamlback 19y ago

   "Just a note, recession strictly defined means 2 quarters of decline. If there is 1 quarter of decline, then 1 of gain, then another of decline, there is no recession." True, but long periods of sluggish growth can be worse than a relativel
2. 2.▲
   by ocamlback 19y ago

   Lowering rates won't help the current situation much if at all. The current problem is a crisis of confidence. That confidence can only be restored if the big financial outfits like Citibank come clean about their exposure to MBS and bad
3. 3.▲
   by ocamlback 19y ago

   "@shayan: My team and I have 6 months of savings, meaning we can pay the bills for 6 months before we either need income or investment. Do you think that is long enough?" I'm not @shayan, but I'll put in my 2cents: no. It's not enough. Gi
4. 4.▲
   by ocamlback 19y ago

   6 months is fine in normal circumstances, but if you're going to quit a very safe job and start a company of your own you probably want to have a good deal more than six months worth of expenses on hand - probably more like 2 years given th
5. 5.▲
   by ocamlback 19y ago

   Recession - yep, in fact we're probably in one already. Too much wealth is being destroyed in this mortgage crunch/housing decline. Depression, though? Not likely - though I have heard very well connected folks say that we're probalby at