Dow is down 400 points

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SilverE2
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Re: Dow is down 400 points

Postby SilverE2 » Thu Aug 04, 2011 5:17 pm

areyouinsane wrote:Bottom line is that this country's best days are behind it. Rather than law school, it'd be a swell idea to learn practical skills like carpentry, raising food, marksmanship, basic auto repair/mechanical skills, etc.

The disputes of the future will be settled with small arms and fists, not bales of cut n' pasted shitpaper "complaints."


Lol, what? So we're going to devolve into a third world country because our best days are behind us?

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rayiner
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Re: Dow is down 400 points

Postby rayiner » Thu Aug 04, 2011 5:18 pm

Anonymous User wrote:With all these 100% offer rates being reported, what are the odds of offers being rescinded? Start dates moved back at the very least?


Firms will likely defer unless the economy totally tanks ala 2008.

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Ruxin1
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Re: Dow is down 400 points

Postby Ruxin1 » Thu Aug 04, 2011 5:20 pm

SilverE2 wrote:
areyouinsane wrote:Bottom line is that this country's best days are behind it. Rather than law school, it'd be a swell idea to learn practical skills like carpentry, raising food, marksmanship, basic auto repair/mechanical skills, etc.

The disputes of the future will be settled with small arms and fists, not bales of cut n' pasted shitpaper "complaints."


Lol, what? So we're going to devolve into a third world country because our best days are behind us?


There are a vast number of successful people in countries where this is the case; people, and industries as well, at worst we will contract our economy, become smaller and more efficient, and everyone that thinks Walking Dead is imminent will probably be butthurt.

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NYC Law
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Re: Dow is down 400 points

Postby NYC Law » Thu Aug 04, 2011 5:27 pm

I don't know if you guys saw this: http://www.nytimes.com/2011/08/04/busin ... _LO_MST_FB


America: The new Saudi Arabia

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billyez
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Re: Dow is down 400 points

Postby billyez » Thu Aug 04, 2011 5:50 pm

Could you elucidate further on that point? There wasn't a comparison to Saudi Arabia in that article. In fact, i didn't think there was anything overtly negative in that article. It's great that the upper crust are spending. That's one of the few things that might pump up the economy for sure.

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minnbills
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Re: Dow is down 400 points

Postby minnbills » Thu Aug 04, 2011 5:53 pm

billyez wrote:Could you elucidate further on that point?


Where oh where is the philosoraptor when you need him!?!?

BenJ
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Re: Dow is down 400 points

Postby BenJ » Thu Aug 04, 2011 5:54 pm

billyez wrote:Could you elucidate further on that point? There wasn't a comparison to Saudi Arabia in that article. In fact, i didn't think there was anything overtly negative in that article. It's great that the upper crust are spending. That's one of the few things that might pump up the economy for sure.


Rich getting richer, poor getting poorer. Percentage of wealth owned by the rich in the United States is near a record high at the moment, comparable to the late 1800s. Maybe not bad news for those of us who land biglaw jobs, but bad news for the economy of the country as a whole (and in the long run stuff like this hurts everyone, just ask the Detroit suburbs).

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Julio_El_Chavo
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Re: Dow is down 400 points

Postby Julio_El_Chavo » Thu Aug 04, 2011 5:56 pm

I think this is just a sign that we will never see legal hiring like there was in 2006-2007 ever again. I don't think things will be too different from last year.

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Patriot1208
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Re: Dow is down 400 points

Postby Patriot1208 » Thu Aug 04, 2011 5:57 pm

B.Web wrote:
SilverE2 wrote:
areyouinsane wrote:Bottom line is that this country's best days are behind it. Rather than law school, it'd be a swell idea to learn practical skills like carpentry, raising food, marksmanship, basic auto repair/mechanical skills, etc.

The disputes of the future will be settled with small arms and fists, not bales of cut n' pasted shitpaper "complaints."


Lol, what? So we're going to devolve into a third world country because our best days are behind us?


There are a vast number of successful people in countries where this is the case; people, and industries as well, at worst we will contract our economy, become smaller and more efficient, and everyone that thinks Walking Dead is imminent will probably be butthurt.

Walking Dead? I hope so. Life would be a lot easier, plus I own guns.

schooner
Posts: 374
Joined: Sat May 14, 2011 6:50 pm

Re: Dow is down 400 points

Postby schooner » Thu Aug 04, 2011 5:59 pm

billyez wrote:Could you elucidate further on that point? There wasn't a comparison to Saudi Arabia in that article. In fact, i didn't think there was anything overtly negative in that article. It's great that the upper crust are spending. That's one of the few things that might pump up the economy for sure.


I'm guessing the broader concern is that America's middle class has been hollowed out and what's left is a few extremely wealthy people and a lot of poor people.

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Jack Smirks
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Re: Dow is down 400 points

Postby Jack Smirks » Thu Aug 04, 2011 5:59 pm

areyouinsane wrote:The disputes of the future will be settled with small arms and fists

I've been advocating for this for years.

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beach_terror
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Re: Dow is down 400 points

Postby beach_terror » Thu Aug 04, 2011 6:02 pm

Anonymous User wrote:With all these 100% offer rates being reported, what are the odds of offers being rescinded? Start dates moved back at the very least?

Nothing has really happened yet, I don't think firms are going to shit the bed and pull offers on a whim.

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Grizz
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Re: Dow is down 400 points

Postby Grizz » Thu Aug 04, 2011 6:03 pm

beach_terror wrote:Nothing has really happened yet

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vanwinkle
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Re: Dow is down 400 points

Postby vanwinkle » Thu Aug 04, 2011 6:03 pm

Wtf is this shit?

Here, go argue in a place you can't abuse anon: viewtopic.php?f=10&t=162459




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