I believe another downturn is literally right around the corner. Look at the world economy on a global scale-europe is literally in shambles. They were once known for their strong banking system, but now, all the major german and french banks are holding the bag for these PIIGS countries with bad debt that will never be paid. Back in 08 when europe should have devalued their currency through int rate shift, they let it ride the coattails of commodity currencies(aud, nzd cad) WHEN IT NEVER WAS FUNDAMENTALLY SOUND. This writing on the wall that is happening now with EZ has been there all along, most people just didnt see it. Greece was just the first domino in europe. So what happened to euro manufacturing? China stole a large part of euro nations market share. Ive got a hint for you...they arent going to revalue yuan anytime soon, but if and when they do, their multiple asset class bubble that has been building will burst(primarily real estate). China is growing so damn fast that they cant even keep up. They need to tame inflation so bad and they just cant seem do it. Ive read somewhere where they are building new cities every day that dont even have people living in them yet. Now look at United States----unemployment STILL rising, consumer, producer prices are going up because those idiots at the fed keep printing money like it doesnt matter. Sure the data might not reflect prices rising, but all you have to do is go into a grocery store over the period of a few months and look at food prices rise rapidly( and they certainly have been i can tell u this) Rent is rising, consumers CANNOT get credit, small businesses CANNOT get bridge financing they need to survive, and in effect more and more businesses are failing. Forclosures have gone UP both in commercial and residential at a record rate. Oil is falling, gas prices DO NOT reflect it, they are still high. So the American economy is getting better huh? Not a chance......We are in for a long bear market
Ive traded forex for a little over 3 years(since I was a sophomore) so ive been closely following global economies for some time now. If anyone is interested in my charts or to share ideas i have a whole slew of them, just PM me.
Given what you guys are saying, would it be a bad time to join LevFin or Sponsors in IBD? Would an industry group be a safer route?
Its tough now, its only going to get harder. Competition is and will continue to rise for these jobs. It sucks, im from a non target so for me its twice as hard. Building a solid network helps a ton and can make the difference if you get the job or not.
Sorry you misunderstood me. I wasn't asking about whether it'll become harder to get the job, but that given you have received an offer to join the firm, whether it'd be more risky to join LevFin or Sponsors over an Industry group or M&A.
mfoste1:
beginnersluck:
Given what you guys are saying, would it be a bad time to join LevFin or Sponsors in IBD? Would an industry group be a safer route?
Its tough now, its only going to get harder. Competition is and will continue to rise for these jobs. It sucks, im from a non target so for me its twice as hard. Building a solid network helps a ton and can make the difference if you get the job or not.
Vero voluptatem minima ipsa eum quo. Quibusdam tenetur dolor eum autem aspernatur laborum vitae. Ut omnis non provident itaque dolore. Et aliquid ullam sint qui quo.
Fugit iusto quo error quia velit ut. Rem quis ducimus voluptate. Enim est porro voluptatem ullam libero.
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You dipped the chip, you took a bite...and you dipped again.
sorry for the long post,
I believe another downturn is literally right around the corner. Look at the world economy on a global scale-europe is literally in shambles. They were once known for their strong banking system, but now, all the major german and french banks are holding the bag for these PIIGS countries with bad debt that will never be paid. Back in 08 when europe should have devalued their currency through int rate shift, they let it ride the coattails of commodity currencies(aud, nzd cad) WHEN IT NEVER WAS FUNDAMENTALLY SOUND. This writing on the wall that is happening now with EZ has been there all along, most people just didnt see it. Greece was just the first domino in europe. So what happened to euro manufacturing? China stole a large part of euro nations market share. Ive got a hint for you...they arent going to revalue yuan anytime soon, but if and when they do, their multiple asset class bubble that has been building will burst(primarily real estate). China is growing so damn fast that they cant even keep up. They need to tame inflation so bad and they just cant seem do it. Ive read somewhere where they are building new cities every day that dont even have people living in them yet. Now look at United States----unemployment STILL rising, consumer, producer prices are going up because those idiots at the fed keep printing money like it doesnt matter. Sure the data might not reflect prices rising, but all you have to do is go into a grocery store over the period of a few months and look at food prices rise rapidly( and they certainly have been i can tell u this) Rent is rising, consumers CANNOT get credit, small businesses CANNOT get bridge financing they need to survive, and in effect more and more businesses are failing. Forclosures have gone UP both in commercial and residential at a record rate. Oil is falling, gas prices DO NOT reflect it, they are still high. So the American economy is getting better huh? Not a chance......We are in for a long bear market
Ive traded forex for a little over 3 years(since I was a sophomore) so ive been closely following global economies for some time now. If anyone is interested in my charts or to share ideas i have a whole slew of them, just PM me.
this recession wont be bc of a double dip it is a totally different recession
just a continuation of the bear from 08......he just came out of hibernation
how?
double post gotta love vista
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Given what you guys are saying, would it be a bad time to join LevFin or Sponsors in IBD? Would an industry group be a safer route?
Its tough now, its only going to get harder. Competition is and will continue to rise for these jobs. It sucks, im from a non target so for me its twice as hard. Building a solid network helps a ton and can make the difference if you get the job or not.
Sorry you misunderstood me. I wasn't asking about whether it'll become harder to get the job, but that given you have received an offer to join the firm, whether it'd be more risky to join LevFin or Sponsors over an Industry group or M&A.
Vero voluptatem minima ipsa eum quo. Quibusdam tenetur dolor eum autem aspernatur laborum vitae. Ut omnis non provident itaque dolore. Et aliquid ullam sint qui quo.
Fugit iusto quo error quia velit ut. Rem quis ducimus voluptate. Enim est porro voluptatem ullam libero.
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