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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (29877)	4/2/2005 12:02:01 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 110194

The charlatans in the financial media now admit the housing boom is over. BUSINESS WEEK has a cover story to that effect. But the flow of BS continues unabated. The new line seems to be --yes the boom is over, but prices are expected to flatten or drop just a tad here and there. A problem but not a big problem. The idea of a major drop in housing prices is as foreign to these guys (at least in public) as an invasion from Mars.

To: orkrious who wrote (29877)	4/2/2005 12:14:12 PM
From: kikogrey	Read Replies (4) \| Respond to of 110194

Your post is also quite telling about the job market. I really feel for the twenty-something generation. My son-in-law also just passed the bar in So. California and found a job after much searching. (Also pretty much works on contingency so my daughter, the blue collar RN, carries much of the economic weight.) Knows tons of other new attorneys who aren't so fortunate. What professions do we encourage these twenty-year olds to go into? The entire job market has completly changed from when my generation was growing up. Law was seen as a ticket to a lifetime of great earnings. Now it seems it's a ticket to a long, often futile job search. I see many, many of my kid's friends going to law school because they can't think of any other profession that will pay money. Ten years ago computer science was hot now it's mostly outsourced. Another daughter graduated from a very good university and got a job as a newspaper columnist, unheard of at age 23. Unfortunately only paid $14/hour, little to no chance of advancement. She's since stopped "loving" writing and is in a pre-med program. How do we help this generation make a career choice in this ever changing job environment? Seems like the only jobs I see are selling loans and cell phones.