Current Global Recession - Boon or Bane

[Devrath_ND]

Please share your opinion about its advantages and disadvantages.

I am more interested in its advantages or positive things about recessions.

For example i had learned that during recession activity on Social networking sites and especially in Matrimonial sites increases because two salary packets are always better than 1.

[Devrath_ND]

Any comments will go long way in helping me.

[thul]

During recession people are laid off

[Rahim]

During reccession Real Madrid had the money to splurge on players like Ronaldo & Kaka

[unni]

My observation: during recession, grey hair in IT people increased very significantly.

[MetalheadGautham]

Boon. During IT boom, it was very hard to get a seat in computer science engineering. Luckily, this time due to lack of demand I got a seat for Computer Science Engineering in a good college

[Liverpool_fan]

Originally Posted by MetalheadGautham

Boon. During IT boom, it was very hard to get a seat in computer science engineering. Luckily, this time due to lack of demand I got a seat for Computer Science Engineering in a good college

Which College? Just Curious.

[mehra.rakesh]

Originally Posted by thul

During recession people are laid off

lolz now that they have no jobs and hence have free time,,, it also helps them getting laid !!!! REALLY

[appserver]

David Boon

High speed is always risky and the speed breakers are for your safety!

[desiibond]

Boon for:

1) students pursuing higher studies. Reason: by the time they finish Masters, market will be in full boom
2) Employees getting not-so-high pay. Reason: with everyone doing cost cutting, companies will be looking for employees who doesn't ask for sky high wages

Bane for:

1) benchwarmers and employees without dedication
2) employees with high pay
3) Those who just finished masters

[MetalheadGautham]

Originally Posted by Liverpool_fan

Which College? Just Curious.

Nothing great really. Amrita University Bangalore.