American Economy Slowdown

[protocol96]

I follow stock markets pretty closely with my other tech stuff, i have been watching lots of interview which says there would be a slowdown in the american economy (i dunno where it is now).

So here's wats been worryin me, if american economy slows down, there would be major job cutting, less project, plenty of good freelancers doing stuff for dirt cheap price. Yea, it should be something like the .com burst that happened in 2001-02.

So with this there's quite a possibility that I might lose my job as I m still in the lower rung of the ladder. So wat precautionary measures should I take to make sure, i dont end up jobless and bankrupt, one i have thought of hittin the school back again (PG in business mgmt) so that i mite be able to kill atleast 1 yr doing something constructive rather then running for a new job or working for less salary.

Your thoughts??


PS: I feel Google is over heating the .com bubble.

 

[blackthought286]

There is still a debate if the economy is slowing down or not. The markets might take a big hit but the overall economy might not. Not every time that the market is doing bad does it mean that the economy is going to follow. I don't think that there will be a huge hit, more of a correction. The market is overheated but not to the point of late 90's hysteria. Google maybe overpriced but at least they proved that they have a business model. Dot coms in the 90's had hugely inflated ipo's but didn't make one dime. Most of the time. So will we take a hit, probably. But will it be huge hit, I don't think so.