Double Dip Recession

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MrAnon
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Double Dip Recession

Postby MrAnon » Mon Jun 20, 2011 11:39 pm

The double dip has hit. Firm hiring this fall will revert to the same levels as fall 2008 and 2009. It may in fact be worse than that since the firms may finally learn what new normal means. Your CSO won't tell you this until late August. You heard it here first.

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fatduck
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Re: Double Dip Recession

Postby fatduck » Mon Jun 20, 2011 11:42 pm

thank god for people like you, sir.































:|

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Julio_El_Chavo
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Re: Double Dip Recession

Postby Julio_El_Chavo » Tue Jun 21, 2011 12:01 am

HOW MANY WILL DIE?

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NZA
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Re: Double Dip Recession

Postby NZA » Tue Jun 21, 2011 12:05 am

/won't graduate until 2014

--ImageRemoved--

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MC Southstar
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Re: Double Dip Recession

Postby MC Southstar » Tue Jun 21, 2011 12:06 am

NZA wrote:/won't graduate until 2014

--ImageRemoved--


You'll do OCI in a year.

MrAnon
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Re: Double Dip Recession

Postby MrAnon » Tue Jun 21, 2011 12:08 am

MC Southstar wrote:
NZA wrote:/won't graduate until 2014

--ImageRemoved--


You'll do OCI in a year.


And if you look back in this website you will find soooooo many posts written in 2007/2008 that said "Won't graduate until 2011"

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NZA
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Re: Double Dip Recession

Postby NZA » Tue Jun 21, 2011 12:09 am

MC Southstar wrote:
NZA wrote:/won't graduate until 2014

--ImageRemoved--


You'll do OCI in a year.

In two years, I thought? By which time, the profession will have obviously recovered and gumdrops will be raining from the sky and toilet paper will be made from silk.

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Stanford4Me
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Re: Double Dip Recession

Postby Stanford4Me » Tue Jun 21, 2011 1:02 am

I've actually been kind of freaking out about this possibility.

09042014
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Re: Double Dip Recession

Postby 09042014 » Tue Jun 21, 2011 1:04 am

Stanford4Me wrote:I've actually been kind of freaking out about this possibility.


We'll get 2L offers, but no offer pwnd.

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Verity
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Re: Double Dip Recession

Postby Verity » Tue Jun 21, 2011 1:10 am

My dad's lawyer scoffed when he told her I was going to law school. Followed by a "well, good luck to her..."


Not what I need to hear right now.

09042014
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Re: Double Dip Recession

Postby 09042014 » Tue Jun 21, 2011 1:15 am

Verity wrote:My dad's lawyer scoffed when he told her I was going to law school. Followed by a "well, good luck to her..."


Not what I need to hear right now.


TBF going to law school was always horrible choice. Even in 2006, median at a T30 was SHIT law express.

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Verity
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Re: Double Dip Recession

Postby Verity » Tue Jun 21, 2011 1:31 am

Desert Fox wrote:
Verity wrote:My dad's lawyer scoffed when he told her I was going to law school. Followed by a "well, good luck to her..."


Not what I need to hear right now.


TBF going to law school was always horrible choice. Even in 2006, median at a T30 was SHIT law express.



I wouldn't call it a horrible choice, but yeah, if you're not entrepreneurial the pyramid structure will chew you up. I have an uncle, he's a scumbag basehead lawyer, does pi [note: people confuse PI = public interest with PI = personal injury. The latter is now lowercase] and other random discrimination shit. Millionaire. Then I know a friend who finished Vandy in 09 and works at Enterprise Rent-a-Car. It's just temporary.

MrAnon
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Re: Double Dip Recession

Postby MrAnon » Tue Jun 21, 2011 2:24 pm

Layoffs and reduced hiring typically start in the banking sector then run to law which always takes awhile to catch up to the trends.

http://dealbreaker.com/2011/06/layoffs- ... stanley-2/

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bjsesq
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Re: Double Dip Recession

Postby bjsesq » Tue Jun 21, 2011 2:26 pm

MrAnon wrote:The double dip has hit. Firm hiring this fall will revert to the same levels as fall 2008 and 2009. It may in fact be worse than that since the firms may finally learn what new normal means. Your CSO won't tell you this until late August. You heard it here first.


Actually, NPR has been talking about the double dip for weeks. I think things won't be as bad as just after the burst, but they won't be too great either.

lawyerwannabe
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Re: Double Dip Recession

Postby lawyerwannabe » Tue Jun 21, 2011 2:37 pm

This site is so confusing. One moment. Everyone is like "ITE is over" and "it will never be 2006-2008 hiring, but it will be like the early 2000s". Now, everyone is saying we are heading towards another blow up? How will I be able to decide when to go to law school!? :shock:

09042014
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Re: Double Dip Recession

Postby 09042014 » Tue Jun 21, 2011 2:37 pm

lawyerwannabe wrote:This site is so confusing. One moment. Everyone is like "ITE is over" and "it will never be 2006-2008 hiring, but it will be like the early 2000s". Now, everyone is saying we are heading towards another blow up? How will I be able to decide when to go to law school!? :shock:


TBF some economic indicators have turned to shit in the past month or two.

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romothesavior
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Re: Double Dip Recession

Postby romothesavior » Tue Jun 21, 2011 2:40 pm

This is pleasant.

theantiscalia
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Re: Double Dip Recession

Postby theantiscalia » Tue Jun 21, 2011 2:44 pm

Several economic indicators are still looking good, and law firms themselves are predicting increased hiring.

All of this talk of a "double dip" is way overhyped. A few economic indicators have been down, but by and large, the economy is still growing... and a recesion means, by definition, that the economy isn't growing.

This is a stupid thread.

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fatduck
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Re: Double Dip Recession

Postby fatduck » Tue Jun 21, 2011 2:44 pm

theantiscalia wrote:Several economic indicators are still looking good, and law firms themselves are predicting increased hiring.

All of this talk of a "double dip" is way overhyped. A few economic indicators have been down, but by and large, the economy is still growing... and a recesion means, by definition, that the economy isn't growing.

This is a stupid thread.

but MrAnon is usually so solid...

lawyerwannabe
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Re: Double Dip Recession

Postby lawyerwannabe » Tue Jun 21, 2011 2:45 pm

Meh. Half the things I have read said that a double dip is likely and the other half have put the possibility of a second dip at about a quarter.

Either way, this is making me want to get a job for 2-4 years then attend law school rather than potentially risk paying for law school tuition and getting nothing out of it.

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maxm2764
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Re: Double Dip Recession

Postby maxm2764 » Tue Jun 21, 2011 2:47 pm

These threads are repetitive and boring.

D.Wilde
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Re: Double Dip Recession

Postby D.Wilde » Tue Jun 21, 2011 2:59 pm

lawyerwannabe wrote:Meh. Half the things I have read said that a double dip is likely and the other half have put the possibility of a second dip at about a quarter.

Either way, this is making me want to get a job for 2-4 years then attend law school rather than potentially risk paying for law school tuition and getting nothing out of it.


Anyone who pays for law school is risking that they'll get nothing out of it. Do it now, do it later, it will always be a massive risk.

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kswiss
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Re: Double Dip Recession

Postby kswiss » Tue Jun 21, 2011 3:00 pm

there's going to be a shload of weird economic data for the next 1.5 years, because the Republicans want a shit economy for the election. The only major indicator that people are basing this on is jobless claims, and they didn't get worse, they just didn't fall as much as expected. Construction is slowly improving and building permits are up, so there should be a construction bump in 2-3 months. I'm not too worried, because I'm pretty sure it won't affect SA hiring for '12, but I'm with whoever said that it might affect offers.

Also, even if there is a double dip, it will be smaller and more regional in its effects.

09042014
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Re: Double Dip Recession

Postby 09042014 » Tue Jun 21, 2011 3:33 pm

D.Wilde wrote:
lawyerwannabe wrote:Meh. Half the things I have read said that a double dip is likely and the other half have put the possibility of a second dip at about a quarter.

Either way, this is making me want to get a job for 2-4 years then attend law school rather than potentially risk paying for law school tuition and getting nothing out of it.


Anyone who pays for law school is risking that they'll get nothing out of it. Do it now, do it later, it will always be a massive risk.


This logic is outstanding.

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Verity
Posts: 1253
Joined: Sun Jan 30, 2011 11:26 pm

Re: Double Dip Recession

Postby Verity » Tue Jun 21, 2011 3:37 pm

Desert Fox wrote:
D.Wilde wrote:
lawyerwannabe wrote:Meh. Half the things I have read said that a double dip is likely and the other half have put the possibility of a second dip at about a quarter.

Either way, this is making me want to get a job for 2-4 years then attend law school rather than potentially risk paying for law school tuition and getting nothing out of it.


Anyone who pays for law school is risking that they'll get nothing out of it. Do it now, do it later, it will always be a massive risk.


This logic is outstanding.


I think our astute Dr. D.Wilde is pointing out the subtle fact that a penny saved is a penny stored for future use, when it's value will have greatly depreciated due to inflation.

Ta-ta.




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