AP: For young, recession offers deals of a lifetime

It's called open your eyes and learn who runs the govt.



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Way too much corporate influence in govt. We've become a corporate fascist society.




Quote from short&naked:

Agreed. In fact, the boomers had the benefit of not having to be aware of such problems due to the major expansion they witnessed (pro-global competition).

But ask ANY of them now and they will admit no fault in this. It's incredible. They don't have a single ounce of regret. Just make sure their SS and 401k are zipping along and all is good. Fuck the next gen.

The real problem is that the 20-30 crowd simply does not know what to do and how to respond to this crisis.
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Baby boomers are the most useless and pathetic generation in US History.
America peaked in the 50's


Quote from MaklodaSux:

Yes this is really true. The new generation is filled with people that just plain don't care, don't care about anything except wasting time. There's no nobility in knowledge or curiosity anymore.
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Quote from kxvid:

This economy sucks for young people the most. Business startup costs are less expensive, and stocks but they are lower for a reason. Older people have SS/ medicare, and the 60s generation has savings. Young people have nothing and a ruined economy courtesy of the baby boomers. Wealth creation will be few are far between for gen X/Y2K. This economy is shot and isn't coming back.
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Pretty much +2

Corporations and companies particularly in my area are refusing to hire anymore, things are just simply in a stand still so I have a hard time getting a job so I'm focusing on practicing my only skill in 3D modelling so that I can actually get a job in some place that produces. You just learn how frail and weak our economy REALLY is when the only people surviving are the select few who actually produce something in the country as opposed to just doing paperwork or selling off goods they've bought from other producers.

The games industry is where I plan to go, there are 20+ odd games companies in the UK but people are kidding themselves if they think it's recession proof. It's just like any other industry but the reason it's actually doing okay in this recession is because it actually produces something. You can easily tell who is producing viable products as well by which companies are failing for instance publisher companies like EA and the like are losing thousands because they aren't really doing anything but the independent companies who actually go out and make games and sell them off are profiting.
 
Quote from piggie2000:

lol thats why this is so far from over. do people really believe you can have 30 years of mania credit growth,consumption and prosperity and the pains over in 1 year?the mkt skying 60% has given all a false sense of security and complacency this is over. its the 2nd or 3rd inning. ask japan how many false starts and its finally over hopes they had.
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I find it funny how everyone believes this credit crisis is over, a decade from now when you can by the s&p under 1000 and unemployment is averaging 8-10% they will realize the lost decade, for now the fools will believe what they want, they will realize 10 years from now what is happening today.
 
Quote from Lethn:

Pretty much +2

Corporations and companies particularly in my area are refusing to hire anymore, things are just simply in a stand still so I have a hard time getting a job so I'm focusing on practicing my only skill in 3D modelling so that I can actually get a job in some place that produces. You just learn how frail and weak our economy REALLY is when the only people surviving are the select few who actually produce something in the country as opposed to just doing paperwork or selling off goods they've bought from other producers.

The games industry is where I plan to go, there are 20+ odd games companies in the UK but people are kidding themselves if they think it's recession proof. It's just like any other industry but the reason it's actually doing okay in this recession is because it actually produces something. You can easily tell who is producing viable products as well by which companies are failing for instance publisher companies like EA and the like are losing thousands because they aren't really doing anything but the independent companies who actually go out and make games and sell them off are profiting.
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+1

Am in the same boat and feel the exact same way.
 
The boomers refused to sacrifice and ever take losses. not all of them, but a lot. some of it can be blamed on the idiot economics profession who dont have a clue about anything.

At some point the markets are going to realize we cant just conjure huge growth everytime we need a bailout. Only the idiot fed chairman and larry summers seem to believe it. its like believing in the tooth fairy.

The market seems just as risky at the top in 2007.
 
Quote from PatrickQ:

and, the young are voting in their own demise. that is what is so pathetic. "young, dumb and naive".
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Nah, how it turns out is that they're all a bunch of crooks.

I feel one of the ways to avoid these issues is to get rid of bi-partisan politics completely.
 
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