Recession, what recession...Isn't it great??

fc123

BACKFRMTHEEDGE wrote: »

I can't understand why any student would be lazy now. Getting a graduate job is going to be really tough over the next few years.

My eldest son graduates next June. I know he was hoping to go into 'something that is well paid, intellectually challenging but fun too' etc etc. But the city jobs are going fast.:rolleyes:

Now, he is looking at other options plus he is changing his outlook on things.

He is very interested in this charity, based in S America www.killercoke.org
and has been learning Spanish on the side.

I don't want him to consider it but I think that was last weeks idea anyway.

We can't afford to prop him up in any way as we have to finance the rest of his sisters education, but he definately has a different view of work / earning than us at that age.

He also is 'thinking 'about a law conversion but we can't support him (financially) through it...plus, though bright lad, he's not in the genius category either; they can get funding I believe.

lostinrates

fc123 wrote: »

He also is 'thinking 'about a law conversion but we can't support him (financially) through it...plus, though bright lad, he's not in the genius category either; they can get funding I believe.

Lots of people can get funding. Its best to secure this now, before he graduates. DH actually probably has this years 'book'. If you want I might be able to get this to you in Town in the next couple of weeks? Or if his uni do the course they will have it in the reception of the law area most likely (its big but free)

Its very simple, you do LOADS of applications to firms taking trainees while applying too for the conversion. Firms are across th spectrum of law types. Deciding at uni is good...law fares, careers service on hand. Havingnded., held DH's hand through this process I feel almost like I did it myself (only he self funded,....sort of, I paid- because he decided NOT to go with his original firm).

caveman38

themanbearpig wrote: »

That's right, kind of. I do a pretty challenging course (Economics Bsc at Nottingham university), and the majority of the people on the course are top students (need AAA to get onto the course), yet I've found that a lot of last years graduates are living on the dole, as they can't secure graduate placements. The ones that have good jobs are the toffs with parents that are directors of the big firms.
I hate to think how hard it is for the ones that go to mediocre unis You might as well not even bother now unless you're at a top university, and have the contacts to get you in.

What needs to be done is a system used by the Armed Forces and potential Officers.
The applicant for the Commission Board has to be sponsored by a regiment before being allowed to apply for the training at Sandhurst.
This ensures that once trained there is a position for him. Applicants for Uni places should be made to seek similar sponsorship and thus ensuring that there is not a surplus of a) graduates, and b) undergrads doing worthless degrees.

fc123

lostinrates wrote: »

Lots of people can get funding. Its best to secure this now, before he graduates. DH actually probably has this years 'book'. If you want I might be able to get this to you in Town in the next couple of weeks? Or if his uni do the course they will have it in the reception of the law area most likely (its big but free)

Its very simple, you do LOADS of applications to firms taking trainees while applying too for the conversion. Firms are across th spectrum of law types. Deciding at uni is good...law fares, careers service on hand. Havingnded., held DH's hand through this process I feel almost like I did it myself (only he self funded,....sort of, I paid- because he decided NOT to go with his original firm).

Thanks LIR...I believe he is investigating now but I don't REALLY think his heart is it fully. I will def mention The book...must be one at his Uni.

He is more interested in publishing (and exciting anti corp charity work) but it's not as well paid and difficult to get into apparently.

He set up a uni mag last year and this...they didn't have one...it was pretty good....I checked some of the articles

I think it would suit him as he is good with the talk but also the academic/researching side

space_rider

Lotus-eater wrote: »

If I hear one more time from someone, about how there are so much better off now their mortgage has come down and they can now buy what they like, I think I'm going to scream!
This is what seems to be happening, I don't know if that was GB's idea when he got these rate cuts, but it certainly seems to be happening.
We as a nation just aren't learning to save our money, Looks like being a hard lesson for alot of us.

Mine`s gone down as I have a tracker but I ain`t spending it. I just daren`t as I was around when the rate hit 15% and my mortgage is much bigger this time.

dopester

piggeh wrote: »

People may think there are lots of 'bargains' at the moment but only because we've been conned previously. How comes they were able to knock £200 off a washing machine overnight without much hesitation? The same goes for many items, retailers able to knock silly amounts off because they made silly amounts in the first place.

I think it the whole credit industry has helped keep prices high. Manufacturers wanting big profits + everyone else in the line wanting a cut + allowing for more expansion and more staff and benefits and ever greater shareholder profits.

What mitchaa sees as good times, for many who are enjoying it now with money to spend, may find it later becomes their turn to share the pain if her sector begins to cut back.

The psychological aspect of deflation and depression cannot be overstated. When the social mood trend changes from optimism to pessimism, creditors, debtors, producers and consumers change their primary orientation from expansion to conservation.

As creditors become more conservative, they slow their lending. As debtors and potential debtors become more conservative, they borrow less or not at all. As producers become more conservative, they reduce expansion plans. As consumers become more conservative, they save more and spend less.

These behaviours reduce the "velocity" of money, i.e., the speed with which it circulates to make purchases, thus putting downside pressure on prices. These forces reverse the former trend.

http://www.elliottwave.com/deflation/

savingholmes

I think a recession is okay - providing you keep your job, mortgage/rent payments remain under control, you are not already in huge debt, energy - fuel - grocery prices remain stable....

hmmm - how many of us actual have much if any control of the above?

At a company near me 1 in 7 have lost their jobs, I know companies where is is 1 in 3 or even 4 in 5 in construction - and that is already. I don't think being an ostrich and being in denial about the problem is the solution. Personally I think this recession will last 4-5 years before there is any kind of recovery. By then we will have losts loads more manufacturing jobs and the cracks in our service / leisure industry economy will only widen as more of our money goes on lifes essentials rather than life's luxuries.

I believe Labour will lose the next election, and because of the profligacy with our tax payments - there will be a need for deep public sector cuts as well as the planned tax and national insurance rises. Those with jobs in the public sector may survive initially due to the government's understandable unwillingness to add to the jobless totals however at some point as efficiencies and streamlining continue to improve their efforts to keep people in work are likely to deteriorate into farce.

I think as a country we need to rethink what our economy is based on and look at how we can protect ourselves better from future recessions. Oh - and encourage people to consume less of the world's resources, live within their means and pay off their housing earlier...

daedalus_2

Doesn't that depens on what field the consultant is in? Scientific, business, style guru, crystal healing, not all the same surely?

dopester

neas wrote: »

To compete we should innovate and create new technology etc... to support society, which means more scientists and engineers in the country instead of chav and lifers.

There will be money there for those who can contribute in the knowledge based economy - to innovate and advance new technologies.

You can work as hard as you like.. do the heavy lifting and digging - doesn't mean you will get paid well for it. Fact is, the rewards will probably more than ever go to those who have furthered their education. It is more about working smart, not working hard.

Not everyone is going to be able to contribute to the Knowledge Based / Technology Assembly Line.

neverdespairgirl

Cat695 wrote: »

Now I'm not going to tell all of my secrets but I never forgot what my dad told me when i joined "anyone can be uncomfortable" and I've stuck by that ever since

You make the best of a bad thing, its something soldiers are very good at. Especially tank soldiers :cool:

I'm sure that's right - my Grandad's kit included a couple of extra soft blankets and a silk sleeping bag he'd bought in Damascus.

OTOH, OH's Dad managed to run a tank battery flat on a break in the desert by using one of those one-cup-coil heater things to make tea. Everyone wanted to have a go, and when the battery drained, they were in a gorge, so no-one else could get past....