IMF Predicts Deep Recession for US

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Nelson Atwell

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I think I will keep the job I have. I was thinking about retiring, but now isn't a god time, I think. I read a couple of days ago that it may be 5 years before we recover from this.
 
Come on Nelson. Quit living a shelterd life. Joint the working force and learn to understand the true meaning of getting screwed by your employer.





Tom
 
Nelson,

RE: contemplating retirement



Have you looked at your 401k statement lately? :(



No, my friend...if given the option, this is probably NOT a good time to start living off one's investments...
 
Joint the working force and learn to understand the true meaning of getting screwed by your employer.



Careful, Caymen. You could be opening a serious can of napalm with that comment if you meant it seriously and not in jest. Be prepared to be flamed with responses from career military folks. We tend to get a little annoyed when civilians assume that we've never held a "real job" or that we have it easy and don't get screwed over by our employer.



That's all I have to say about that--Forrest Gump
 
Nelson,

RE: contemplating retirement



Have you looked at your 401k statement lately?



Unless Nelson's invested in a 401K on his own, his military pension is safe. Makes me glad I put in 20 in the USN. My pension will be coming in no matter what the market does.
 
You could always become a civilian contractor Nelson, make double or triple the money as a civilian working for the gov. ;)
 
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TT

caymen would not have clue one about the military, do two tours 66/67, and have some dufus to go tell you get a real Job.

As far as being flamed, he is beyond that, he is a legend in his own mind and tottaly invisable.
 
As far as being flamed, he is beyond that, he is a legend in his own mind and tottaly invisable.



In all fairness, Bill, but you come across the same way sometimes.;) No insult intended, just an observation...:)
 
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I worked nine years before joining the military. I have a good resume and finished my degree, so I figure I could do well. Right now, I am enjoying this job. I have fun doing something i never did before and working with some very interesting people in some interesting places. I have little motivation to quit, and the economy makes it even less likely I will retire. However, GM has a good point. There is a new missile defense base being built in the next two years. I could get a job there pretty easy I think. When the time gets closer, I will have to consider it.
 
Last year business was great and I was giving serious consideration to spending one or two winter months in Florida and letting my people run my company. It ain't gonna happen now! :lol:
 
I have worked with many guys that were in the military. A common comment they all make is this.



"If I would have know what it is like out here, I would have just stayed in the military."



Not saying anyone in the military does not work, is lazy, or anything else. I have spoke to many career military personal that have regretted leaving the military after being in it for many years. They did not realize they had it that good.



Bill, you are aware you are only hanging rope...right?





Tom
 
Tom,



I think a lot of those guys miss what I am enjoying today.



My job has variety and I meet new people and new challenges almost every day. What I do has a direct impact on international soldiers deploying to Afghanistan and may actually have a positive effect on the war.



My best friends here are from Slovenia, Estonia, Turkey, Norway and of course Poland and the USA. This evening, I will meet my Slovenian friend and one of our colleagues from Czech Republic tonight for a couple of beers. You cannot imagine the interesting conversations that we have on all topics. It is very interesting to hear others' impressions of the World, especially people who 20 years ago would have been our mortal enemies, but now are our closest allies.



When I get out of the military, I may live the life of Dilbert -- stuck in some boring, monotonous job that only provides a pay check. When that day comes, then maybe I will start feeling my age, but now at 46, I still feel like a college kid, because every day I learn something new.



Back to the economy -- we can learn a lot from these former Soviet bloc countries. Their economies are booming, because the past 20 years they have been putting all their resources into education, rebuilding their infrastructure and starting new businesses to fill the void that was left after the fall of Socialism. We are headed in the opposite direction.
 
Actually the union Solidairity is very powerful in Poland, and it and it's leader Lech Walesa help bring about the fall of the Soviet Union. I have to admit unions were beneficial in the long run for Poland and the Eastern European countries.



Stock market dropped another 678 points today. We are in for a bunch of crap before this gets better. I would think this is going to be a depression like none of us has ever seen. Look at the international headlines, and you will find the country ICELAND on the brink of a NATIONAL BANKRUPTCY. This is an EU member country with huge investments in Great Britain. This is a huge chain reaction that the US mortgage industry has brought upon the World.
 
but they have a different mentality from the U.S. union worker. they work hard and don't take their job's for granted.



i disagree that the mortgage industry is total blame for this mess. the media is also playing into this and that does not help. corporate america needs to step back and look how they run their business. to much greed, before thinking it out.

also americans got more greedy as well. i wan't more, more & more without researching if they can meet their commitments. you make a commitment, you are responsible for meeting it. america is blaming everyone else for their lack of responsibility.
 
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Pretty much a done deal that Iceland will be the first nation to go bankrupt as a result of this crisis. I was speaking with some colleagues last night over some beers. Two of them have their saving in Icelandic banks. Their accounts are completely frozen, and the assets useless, because the Icelandic currency isn't worth more than the paper it is printed on.
 
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