Firm Financial Standing Forum

[Monochromatic Oeuvre]

I don't think firm's reaction to the last downturn should be the standard. The last recession was the worst since the Great Depression, so the next downturn may or may not be as bad. Firms will adjust based on the specific market conditions.

Thanks to the Federal Reserve, the next economic downturn is going to make 2008 seem like a fart joke.

how much gold you got?

Gold is a good long term bet. In the shorter term, as long as the Fed keeps interest rates near zero and keeps printing billions in cheap money, stocks will keep going up (bubble anyone?)

If you were really this confident about the ease of picking the market, you wouldn't be in law.

It's not just me who thinks this, far from it. People far more knowledgeable of the markets such as Carl Icahn and George Soros also think this as well. Thanks to the Federal Reserve, bubbles are everywhere, and when they finally burst the economy will go to hell in a hand basket!

I can't tell you how many of my friends said the same thing in 2011 and how much money they've lost since then.

Maybe, maybe not. All I know is you're not confident enough to put your life savings on it, and a lot of investors disagree with you.

[bern victim]

look, Pomeranian may be a deranged moron, or he may be a clairvoyant genius. we'll never know until we AUDIT THE FED

[J9ofDiamonds]

Pomeranians are shitty ass dogs anyways. atleast be a real dog if you are going to be an armchair economist

[Pomeranian]

Pomeranians are shitty ass dogs anyways. atleast be a real dog if you are going to be an armchair economist

MY POMERANIAN HAS BIGGER BALLS THAN YOU'LL EVER HAVE (IT'S A GIRL TOO). WOOF!

[imalreadyamember?]

I don't think firm's reaction to the last downturn should be the standard. The last recession was the worst since the Great Depression, so the next downturn may or may not be as bad. Firms will adjust based on the specific market conditions.

Thanks to the Federal Reserve, the next economic downturn is going to make 2008 seem like a fart joke.

how much gold you got?

Gold is a good long term bet. In the shorter term, as long as the Fed keeps interest rates near zero and keeps printing billions in cheap money, stocks will keep going up (bubble anyone?)

If you were really this confident about the ease of picking the market, you wouldn't be in law.

Seriously, fucking hate all the arm chair market experts in law.

Oh it's cool, pretty sure he's a 0L so he's not actually "in law" per se. Unless I'm mistaking with another poster.

[Pokemon]

arm chair Economisms should be bannable offense.

Op, no one knows how firms will respond to downturn and even firms that responded a certain way in the past might respond differently in future. I mean no one expected weil to lay off their Boston associates when the market was doing better, especially since they did not have as many layoffs during the downturn.