Viewing profile — ocamlback

"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 l…

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 lik…

"@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 @…

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 wor…

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 h…