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September 15th, 2008, 05:21 PM #1
September 15th, 2008, 05:52 PM #2
- Join Date
- January 18th, 2005
- Nunya, Business
Yeah, not good:
Dow falls 504 as Wall St. woes batter stocks
Lehman Bros.' bankruptcy and deepening worries about insurance giant AIG send stocks to their lowest levels in two years. Early euphoria about Merrill Lynch's sale to Bank of America fades. Crude oil falls below $100.
What's more amazing to me are some people are still delusional about our economy. Oh, it's still good, this and that. I'm talking about as a whole, individually there's going to be people doing fine.
September 15th, 2008, 06:30 PM #3
- Join Date
- April 6th, 2006
I was in the investment industry before going this self-employment route, and watched CNBC all day.. to see people leaving the Lehman offices in midtown carrying personal belongings in boxes was shocking. I also used to work at AIG, and there is now a mad scramble to save the company.. which is incomprehensible to me.
Affiliate marketing has been challenging lately, but today I realized it's nothing compared to what thousands of people will face.
The financial industry just isn't used to this type of massive disruption in employment.. I don't know where many of these people will find jobs..