For the financial sector its not a recession, it's a depression.
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Only if your not in the proper Sector of the Financial World. There are plenty people making money in the Financial Sector. Of course, you can't be in the arena of dealing with School Teachers and the rest of the 9 to 5ers.
You have to be dealing with High Net Worth individuals, ones that do not see Depressions, recessions etc. Of course they will cry poor but that is just a smoke screen. Those who have built up their wealth over the last 40 plus years are spending and investing.
Robb Report,. most recent Issue I have, talks about the Spending on all kinds of Fun stuff, from Hawker Jets to 20k watches, as the bonus world gears up for end of year......SHOW ME THE MONEY time.
The treasure coast is still selling yahts in great numbers, homes are being picked up, at discounts or course. Plenty of People putting cash to work.
Basic fact, the majority of the people in the Financial World do not make money and they are in sectors that are controlled by contraction and expansion of the economy.
ENERGY VENTURES, REITS, COMMERICAL RE, GOLD, (OVER ALL HARD ASSETS), are in play now, but all ways have been.
Its not so much the product or joint venture you put together, bu the clients you go after that will keep you from feeling the "Business Cycle".
The grand old, played out verbage, "Money Never Sleeps" is true. The wealthy have to do something with their money, someone is getting to play with it.
Its very simple now, the sheep in the standard Financial Job discription are finished for a while. The weak firms, the banks do who hired far to much, the traders that can't trade this market, etc....are all falling to the way side....however, PLENTY OF PEOPLE ARE MAKING MONEY.
Just do your research and find a Private Firm that deals with High Net Worth Individuals...and don't believe that everyone is feeling what Main Street or the Trendy CNBC WallStreet is feeling during this Recession, depression or whatever you call it.