61–70 of 73 posts
Times will get rough but anyone who isn't a moron will come out alright. Recessions are necessary periods of self repair for economies. This one is a backlash from too many people getting too much stupid debt and financial institutions not being responsible.
A lot of people say that things could get as bad as the great depression. That is true in the absolute sense, but wrong in the relative. What I mean is that we are today much richer then people were just before the great depression. If the economy dives deeper and stays down longer we would still be much better of then people were during the great depression. That's not my opinion, that's fact, because it is what hap…
I'm currently looking for a new job. I've noticed that the demand for my skills is as high as in 1999, but the market rate for those skills has dropped nearly 20%.
That's because you are old (I've experienced the same thing.) Salaries for recent grads are higher than ever.
Just listen to what these gobshites are saying: it is the end of america, it is the end of the super power. I have heard this crap quite a few times over the last while, gimmie a break. Listen stop being part of the problem: 1. Start looking for a profit in this. 2. Start looking at how America can change to be better from this. 3. The crinimals that currently run the country should be held accountable if they actually manage to rob the taxpayer of this 700B. 4. The fed should be nationalized.
America is the greatest country in the world, I truly, truly believe this all we need is a bit of leadershio to guide us out of this crises. The unfortunate thing right now is that both parties have tried to politicise this crises.
FUCK them all no matter what happens tomorrow we will still be american and we will be stronger better and harder.
Stop listening to the fags and start working on solutions to the problem.
That is what america is about, somewhere we lost a bit of this, it is time for some new ideas some hard work and some real leadership.
Believe me the problems we are facing are big but if we work togehter as a nation we will dispatch this problem in a quater, turn this nation around regain our pride and show the world why America is the only super power.
Ernan
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During WW2 people in Germany would take wheel barrows of cash to the grocery store to buy bread and milk. The value of German currency dropped so low that people would steal your wheel barrow and dump out the cash. While I agree with your sentiment that you should only buy what you can pay for today, I wouldn't put too much trust in your (US) cash being worth tomorrow what it is today. Investing in foreign currencies…
My father, uncle, and grandmother were refugees during the Korean war. They were strafed by a plane, and a piece of shrapnel hit my grandma in the middle of her thigh. Fortunately, she had sewn a hidden pouch in her clothing, and the shrapnel was stopped by the big wad of cash she had there, thanks to wartime inflation. (My mom was also a refugee, but she has an entirely different set of stories. My mom's side of the…
go on ..
(im a sucker for a good tale :) )
Earlier quoted context omitted.
That's because you are old (I've experienced the same thing.) Salaries for recent grads are higher than ever.
Do folks 3 years out of college count as "old" or "recent grads"?
I've been at it for 10 years, half in california, half in boston. Just interviewed at a bunch of startups and one big firm. Offers were all around $95K + post series A equity. I made the same salary 18 months out of college. College senior interns at the last "real job" I had got hired away for $86K starting at Amazon, and I didn't think they were necessarily the cream of the crop. I decided to keep contracting until the end of the year at $95/hr and continue working on my improbable startup, even with the heinous economy. In my experience engineering salaries plateau around $100K. Maybe more if you are doing something hard (VMWare) or heinous ("web scaling expert") or are looking to be an exec (VP Eng / CTO).
Age/Experience doesn't really translate into significantly more money unless you're looking to move up the management chain. Best to make hay while you are young. Although, I haven't had a model career - I usually make lateral moves to work on something new and interesting, and have some employment gaps where I decided to travel the world instead of slogging it out. 'Your mileage may vary'
Earlier quoted context omitted.
During WW2 people in Germany would take wheel barrows of cash to the grocery store to buy bread and milk. The value of German currency dropped so low that people would steal your wheel barrow and dump out the cash. While I agree with your sentiment that you should only buy what you can pay for today, I wouldn't put too much trust in your (US) cash being worth tomorrow what it is today. Investing in foreign currencies…
Almost every foreign currency has at least an informal peg to the dollar. The European and Chinese Central Banks are working hard to make sure that the dollar does not fall too much. The only truly foreign currency is gold. But the potential for a dollar crash is already factored into the price, so buying gold too is very risky. The safest place to put money would seem to be a combination of FDIC insured CD's, divide…
Protect yourself from what, exactly? Your savings is protected by the FDIC up to 100k per acct. I honestly don't believe that the tech/info sector is going to lose that many jobs. If Cisco does consolidate, it (hopefully) will be non-core resources, such as HR, and internal operations. If you have a 401k, you're screwed either way since you have very few options on where to invest. If you have an IRA, you can hedge r…
http://www.fdic.gov/deposit/deposits/insuringdeposits/
"The basic insurance amount is $100,000 per depositor per insured bank."
Unless your accounts fall into multiple categories, you'd need to spread your 100k+ over a number of banks in order to be protected in it all. Although, this makes me wonder what happens if you have accounts at bank A and bank B, and then bank B buys bank A, how are you insured then? More information at fdic.gov.
Earlier quoted context omitted.
Do folks 3 years out of college count as "old" or "recent grads"?
It depends on what you're doing. Raw details: I've been at it for 10 years, half in california, half in boston. Just interviewed at a bunch of startups and one big firm. Offers were all around $95K + post series A equity. I made the same salary 18 months out of college. College senior interns at the last "real job" I had got hired away for $86K starting at Amazon, and I didn't think they were necessarily the cream of…
I'm actually looking at salaried positions that will pay close to what I'm at now and have me one or two notches up the food chain. Wages have stagnated for now at least.