"Just a note, recession strictly defined means 2 quarters of decline. If there is 1 quarter of decline, then 1 of gain, then another of decline, there is no recession." True, but long periods of sluggish growth can be…
Lowering rates won't help the current situation much if at all. The current problem is a crisis of confidence. That confidence can only be restored if the big financial outfits like Citibank come clean about their…
"@shayan: My team and I have 6 months of savings, meaning we can pay the bills for 6 months before we either need income or investment. Do you think that is long enough?" I'm not @shayan, but I'll put in my 2cents: no.…
6 months is fine in normal circumstances, but if you're going to quit a very safe job and start a company of your own you probably want to have a good deal more than six months worth of expenses on hand - probably more…
Recession - yep, in fact we're probably in one already. Too much wealth is being destroyed in this mortgage crunch/housing decline. Depression, though? Not likely - though I have heard very well connected folks say that…
"Just a note, recession strictly defined means 2 quarters of decline. If there is 1 quarter of decline, then 1 of gain, then another of decline, there is no recession." True, but long periods of sluggish growth can be…
Lowering rates won't help the current situation much if at all. The current problem is a crisis of confidence. That confidence can only be restored if the big financial outfits like Citibank come clean about their…
"@shayan: My team and I have 6 months of savings, meaning we can pay the bills for 6 months before we either need income or investment. Do you think that is long enough?" I'm not @shayan, but I'll put in my 2cents: no.…
6 months is fine in normal circumstances, but if you're going to quit a very safe job and start a company of your own you probably want to have a good deal more than six months worth of expenses on hand - probably more…
Recession - yep, in fact we're probably in one already. Too much wealth is being destroyed in this mortgage crunch/housing decline. Depression, though? Not likely - though I have heard very well connected folks say that…