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Heading for a full blown Recession

Neha Sharma
Ranch Hand

Joined: Jul 13, 2001
Posts: 126
I personally feel U.S. is heading towards a full blown recession, as I don't see any fundametal for recovery. It is weakness and depression all around, what do you guys feel
Neha
Bartholemu Smith
Ranch Hand

Joined: May 08, 2001
Posts: 317
I think Will is going to win Big Brother 2....
Neha Sharma
Ranch Hand

Joined: Jul 13, 2001
Posts: 126
what does tha mean fasal!!
Bartholemu Smith
Ranch Hand

Joined: May 08, 2001
Posts: 317
Ohhh...Big brother 2 is a show that I am addicted too...seriously addicted too. Will is one of the people on the show. He is pretty funny with his retarded and honest comments. Ohh and lets not forget his lying and backstabing which he is open and honest about, and people still seem to trust him.
Sorry got lost in a rant...
Anyway, its about time there was a recession...we havent had one in a long time. What goes up must come down. Its time we seperate the big boys from the small weak companies.
A recession doesnt have to be a bad thing. Sure I am sure many people have lost their jobs, but they will get new ones and the sun will still shine. Things like this teach people lessons and helps build character. I mean really I think many companies were over staffed regardless of a recession swept through or not. There are also many people who should'nt be in the field and dont have a clue what they are doing. Here I go with the bandwagon comments again(this will get me in trouble)
anyway...Will is going to win in my opinion and recession is good and I am hungry. All I hear is people saying how hard it is to get a job. Well how much you want to bet they are emailing resumes not following up and waiting for companies to call them.
If your going to do it....DO it RIGHT!!!
W0rd to BigBird
Faze

[This message has been edited by Faisal Dosani (edited September 07, 2001).]
krishna anand
Ranch Hand

Joined: Jan 21, 2001
Posts: 61
Dear Friends
I agree with Faisal that this recession is a harsh lesson for those who thought that they can make "quick" money during the I.T
boom .Making money is not bad but the means that were employed is
what that is being questioned .They are the people who are hit bady during this recession and they have no other options but to suffer .For those who kept as the mission of their organiztion as "Technical Excellence" they are not facing a very bad scenario .Just the fly by night technology companies , boddy shoppers , job consultants etc who thought that just by playing the role of middle men sitting in their house and making money are those who are severely hit and they desrved to be hit .
This harsh period will force companies and individuals to give prominence to building "Technology Competence & Excellnce " in their organization .Today just some Tom , Dick and Harry can't just hope to get a job with some tit bit knowledge of C,C++ and Java .They should be competent enough to offer practical real world solutions to the I.T Industry .Only such people will survive .Other people will keep only grumbling and wasting their time finding fault with others and there is little hope for them .So in conclusion there is no point in blaming others .Just try to prove your merit by fulfilling the demands of today's I.T industry .
------------------
Krishna


Krishna
shashank bapat
Ranch Hand

Joined: Jul 11, 2001
Posts: 69
Originally posted by krishna anand:
Dear Friends
I agree with Faisal that this recession is a harsh lesson for those who thought that they can make "quick" money during the I.T
boom .Making money is not bad but the means that were employed is
what that is being questioned .They are the people who are hit bady during this recession and they have no other options but to suffer .For those who kept as the mission of their organiztion as "Technical Excellence" they are not facing a very bad scenario .Just the fly by night technology companies , boddy shoppers , job consultants etc who thought that just by playing the role of middle men sitting in their house and making money are those who are severely hit and they desrved to be hit .
This harsh period will force companies and individuals to give prominence to building "Technology Competence & Excellnce " in their organization .Today just some Tom , Dick and Harry can't just hope to get a job with some tit bit knowledge of C,C++ and Java .They should be competent enough to offer practical real world solutions to the I.T Industry .Only such people will survive .Other people will keep only grumbling and wasting their time finding fault with others and there is little hope for them .So in conclusion there is no point in blaming others .Just try to prove your merit by fulfilling the demands of today's I.T industry .

Dear Krishna,
I agree with Faisal but I dont think u got what he means. Because what u r saying is different from what he is saying.
U are making it sound like if someone loses job its due to lack of performance and "technical excellence" or because he was behind "quick" money and those who maintained their jobs are all good performers.
Either u r just one of the lucky guys who ended up at right place or u r one who came here at boom time and climbed ur ladder and are safely placed now or ur sitting in India and judging from what u hear.
What is my fault if my company folds?? (2 in a row in 1 year) Or my friends who are just graduating. What is their fault? That they were born late? Are u suggesting that they lack "technical excellence" without giving them single chance to work???
In fact most of the boom time hired already made their quick money irrespective of their knowledge and are not among the worst hit by the recession. They are the ones doing the layoffs and are the ones who have good contact network and "experience number" (experience number != experience) and land up job quickly. Real affected people are the ones with less or no experience number, who have talent, knowledge and education but are not getting jobs.
Who loses job, who keeps job, who does not find one and who gets job has nothing to do with "technical excellence". (Read my post in Java questions in interview about who gets it)
There are equal number of dumb people holding on to their jobs. And there are so many good people affected.
If u guys feel that recession is all about "correction" why dont we make a deal here lets discuss C/C++(NO M$)/Java (If u think thats tit bit then we can discuss garbage collection or something similar ... Anything in CS) If i win I take ur job and U search in this hostile market ...
Thanks
Shashank
MS(CS),BE(CS),SCJP2
[This message has been edited by shashank bapat (edited September 08, 2001).]


-Shashank<BR>MS(CS),BS(CS),SCJP2
Neha Sharma
Ranch Hand

Joined: Jul 13, 2001
Posts: 126
Good one again Shashank!!
I don't understand this guy Krishna, what he talks about. All high funda nothing close to reality. Raghav call for you again!! say something
Scott Hajer
Greenhorn

Joined: Jul 26, 2001
Posts: 29
I think a recession sorts out the strong companies
from the weak, but that the overall effect on
employees is capricious. They just get swept up in
the breeze. You could be a great developer in a bum
company and lose your job.
I do think there is some corrective effect on salaries, independent rates, and required skill sets, but the
primary effect is on companies themselves. Then the
secondary effect is on employees.
Scott


Scott Hajer<br />Manager<br />Pariveda Solutions<br /> <br /><a href="http://www.parivedasolutions.com" target="_blank" rel="nofollow">www.aquent-it-solutions.com</a><br /><a href="http://www.linkedin.com/in/scotthajer" target="_blank" rel="nofollow">My LinkedIn Profile</a><br /> <br />
 
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