By bloid
via blog.assembla.com
Published: Nov 27 2007 / 08:55
In the recession of 2001-2002, American programmers were being hammered by hundreds of thousands of job losses, with companies disintegrating, shares worthless, and jobs eliminated or headed offshore. But that recession, the worst in the history of the software business, wasn't bad for everyone. Money flowed freely into real estate, and homebuilders and other real-estate professionals were looking forward to the best years of their careers. The coming US recession will have the reverse effect, with money flowing out of real estate and sloshing back into techie pockets.
Comments
dzonelurker replied ago:
Naive speculations without basement.
bloid replied ago:
Isn't that just a definition of "opinion" (as it says in the tag) ;-)
murban replied ago:
The weak dollar dollar is actually good for American programmers though, since it makes off-shore outsourcing look less attractive.
willcode4beer replied ago:
Reading your comment, I can't decide to laugh or to cry
bjupton replied ago:
I'm not sure how much this guys knows about economics.
dzonelurker replied ago:
You are so polite.
mustangtim replied ago:
Or the US economy. Is there a guaranteed recession scheduled or is this pure speculation?
willcode4beer replied ago:
Makes an interesting point. I don't know if the money will actually flow into tech though. I think many are still spooked by the bubble and burn from before.
sdevijver replied ago:
The only thing we know for sure is that we know nothing.
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