Korean Job Discussion Forums

[asmith]

I'm looking at economic disaster right in the eyes. I'm seeing dudes here from Ivy League colleges because they can't get work. I'm looking at a REAL unemployment rate in America topping 17 percent. The Fed is monetizing the debt. We are all going down the tubes come Christmas when the commercial real-estate debacle happens.

And all you guys want to talk about is getting laid and getting drunk.

Well, I salute you. I wish I was young again! I need a good shag. One more nice shag before the economic apocalypse!

Let me see if I can wake my wife up.

[okayden223]

You write about this a lot.

[myeo]

I'm not convinced we are on the road to a complete economic collapse in the short-term. Beyond that, it's anyone's guess.

I do think the US needs to restructure itself and become a production-based economy again. It had a fun ride as a consumer-based economy and living on credit. I think one of the few ways to reduce unemployment is to start manufacturing 'stuff' again. But the struggle between labour and capital may make that impossible. Although, if Obama's health care bill (whatever it may be -- congresspeople still don't know what it is!) goes through, the real cost of employment in America goes down quite fast as employers don't have to dish out health insurance dollars for employees, from the cradle to grave.

I am interested to see if your after Christmas predictions are accurate. Hyperinflation? Stock crash? Seems like a bit of a doomsday scenario, but I think we may have come awful close between October-December of last year (from what I've read).

Get some sleep asmith!

[asmith]

[myeo]

Also, economic decline has bottomed-out in some of the G8 countries. Jobless recovery?

[asmith]

[asmith]

[bry0000000]

[Jane]

I side with Mr.Smith on this. Why do i think the bottom is coming? Despite the rosy picture they are trying to paint, the US overnight rate has not been raised, a sign that the Fed's knees are shaking.

It's like dynamiting an underground shaft. We've seen and heard the explosion, but here comes the part when the ground falls beneath the US--and consequently, global--economy.

[eIn07912]

well, theres only one thing to do...... wait and see.

if xmas comes and the world comes to an end like asmith says then we call say he's right and then ask him what we should do after.

if, however, he's wrong (which myself and many other intelligent people believe) then we all get to mock him without mercey for listening to kook economists and thinking the sky is going to fall.


if u want some sound commentary, listen to Paul Krugman (Nobel Prize Winning Economist, Ph.D from MIT, Professor of Economics and International Affairs at Princeton University, and Centenary Professor at the London School of Economics........ and no, u r not smarter than him)

"So it seems that we aren�t going to have a second Great Depression after all. What saved us? The answer, basically, is Big Government."

[bry0000000]

Doom and gloom!

[djsmnc]

People from the Ivy Leagues here? How come when our school tries to hire we can only find derelicts looking for ESL jobs??

[Sergio Stefanuto]

[OnTheOtherSide]

The job market in America is totally in the gutter. And every year there are tens of thousands of new college grads entering the workforce. Almost EVERYONE in the US gets their B.A. degree these days it seems, so the competition is enormous, and the value of the degree is very weak.

We are seeing the current system collapse. And soon a new world order will begin. A new globalized economic system is on the way.

[Jane]