Global Financial Crisis

[STL]

Anyone worried or is it just me?

[jaydisc]

As I have no assets and work in IT, I am not concerned in the least.

[Pulse]

Nothing worries me

Remember, worrying gives you grays...
(or you'll end up like my next door neighbour during her HSC who was pulling hair out of her head! *shakes head*)

[STL]

As I have no assets and work in IT, I am not concerned in the least.

Yes, I understand there's always a need for IT work but won't the level of work decline across the board if there's an economic decline? And wouldn't that impact on your cash flow?

(And am I just a worry wart? )

[jaydisc]

Much of the work I do is to increase efficiency, so an organisation can reduce staff, which is in greater demand in these downward times. Paradoxical enough? There's no guarantee of anything, but IT is expected to whether the storm.

[jacksplatt11]

Nothing worries me

haha i'm the same, when i was at school and now uni, everyone gets stressed at exam time, while i just relax and think meh, it's not the end of the world, if i fail i'll just do it again

but the financial crisis, hmm i'm not too worried about it.. i think like most things, the media is making it a bigger deal than it actually is, but in saying that i don't really pay attention to what they say in the finance reports..

i don't have a job now anyway so i can't lost it and i have no loans or anything so interest rates don't bother me

[kup]

I work for an American company so I have thought about it but not reached the point of worry. The climate at work among the high level management seems a bit dire but that could also be just the GM.

[jacksplatt11]

There's no guarantee of anything, but IT is expected to whether the storm.

the way i see it, there will always be computers, and there will always be a need for people to fix/operate/teach them etc, so i think the IT industry is pretty safe

[STL]

haha i'm the same, when i was at school and now uni, everyone gets stressed at exam time, while i just relax and think meh, it's not the end of the world, if i fail i'll just do it again

but the financial crisis, hmm i'm not too worried about it.. i think like most things, the media is making it a bigger deal than it actually is, but in saying that i don't really pay attention to what they say in the finance reports..

i don't have a job now anyway so i can't lost it and i have no loans or anything so interest rates don't bother me

Well, I'm glad I'm graduating this year and have secured employment next year. The more I think about it, in the years to come though, it will be harder and harder for graduates to find jobs so having a university degree might count for nothing. Even this year, most of the major law and finance firms were taking less than previous years. It remains to be seen though what will happen next year but I suspect it may not be happy times to be a graduate.

As for the numbers, I've had a passing interest but I haven't paid much attention to these issues ever since I stopped working a few years ago now. However, by all indications this could still be worse than the Great Depression and that sends a shiver down my spine.

[hungta]

I'm finding it tough at the moment looking for an entry level position myself. You wouldn't believe the spiel they gave us at graduation last week. It was pretty stupid and I sat there wanting to yell a profanity out at Terry McCrann.

Good thing you've got yourself a job lined up STL. I've been looking for a position since March this year with no luck due to my lack of interview technique which has now improved but I am struggling to even get an interview now.

Word on the street is that there aren't many new jobs now as the market for finance/banking has tightened. I'm not sure about the other industries, but that's the way it looks at the moment.