Recession is coming
Not sure how many of you have noticed that more and more of the big guys in the banking industry is starting their retrenchment exercise. It is disheartening to hear of such news. Just these two days I read about HSBC and Citi Group will be axing a huge number of their work force. It is really scary.
I cannot imagine how it going to be a few weeks down the road. According to PiggyBeng it is going to be worse than the last 2 recessions. In fact a lot of people will be badly affected since the banks are among the victims this time. A lot of people are going to suffer especially those who has high financial commitments.
PiggyBeng was telling me to be prepared as he might lose his job… it shuddering to even think about that possibility. I have asked him to start looking around though good jobs are hard to come by during this period but to have a job is better to have none at all. I even encouraged him to look beyond our shores and try other possible openings… for just in case. I even told him to consider some jobs in Dallas.
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