You know it's a recession when financial firms are laying off folks. eom

[ncteechur]

[Sarah Ibarruri]

1. Is recession a fancy word for depression? nt

[Ian David]

2. My wife works for a financial firm.

They've been cutting health insurance benefits for years.

Since about 2002, if I remember correctly.


If a "rising tide lifts all boats," and tax cuts for the wealthy are going to "trickle down" to anyone, it SHOULD be trickling all over the men and women in the cubicles of the large financial firms.



Also, I've done some temporary work at BearStearns.

They're having their own issues right now with the sub-prime crash and hedge-fund stuff that's way above my head.

One thing I learned their is their CEO's philosophy / business model: When times are good, tighten your belt, cut back on spending, and lay people off. When times are bad, increase spending-- especially on hiring new people.

That model has made me over 200 million credits in Star Wars Galaxies OnLine.

IN SWG, the financial up-turns come when they release a new chapter update and when summer vacation starts. The downturns come in September and the end of Xmas Break. You buy and sell commodities in the marketplace accordingly.


Unfortunately, I don't have enough real-world dollars to apply it in OUR galaxy.

But I wonder if BearStearns had enough reserves to make it through The Bush Years on that plan.

PS: Anyone interested in signing-up for SWG, let me know. I operate in various galaxies under The Stephanie Miller Fan Club and Brewster Jennings.