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Bad economy catching up with graduates of Ivy League schools

By: amra1 send a private message
San Francisco : CA : USA | 4 months ago  
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  • Bad economy
    Bad economy
    Posted by: amra1
    Bad economy impacting everyone... image taken from Word Clipart
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Bad economy

In the recent days I have been catching up with my firends, who are graduates from various schools around the US. What is apparent is that all of us, highly educated with years of experience are all struggling to make ends meet.

Whether we made money in stock opitons, real estate or private equity and decided to either start a business or re-invest the money. We all have lost it regardless of where we invested the money.

If I look at real-estate, if we bought a house in the last 4 or 5 years in major US cities, lost money. Some of us who sold the house and decided to invest in a start up have also lost money as most startups are stuggling to keep financed and new investors are devalueing the companies by 50% of the previous round.

It seems everyone owes someone money and are highly leveraged.

If this is going on among 38 to 42 year old highly educated, entreprenuerial, motivated and career oriented folks, what is going on with people who do not have access to opportunities.

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READ MORE: economy, entreprenuership, high education, real estate
More News From: San Francisco : CA : USA

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Post a Comment Comments: 12
  • Reply
    Posted By chaitea chaitea | 4 months ago
    amra1, Thank you for your comments and illuminating the tragic circumstances of our economy. Just proves that nobody is insulated from the downward spiral of the world's economy and I am seeing the same things amongst my friends and family, regardless of profession or net worth.
  • Reply
    Posted By aarana aarana | 4 months ago
    My respected sir amra1,
    Nice to read your news report.
    Have a good day.
    Yours sincerely,
    aarana.
  • Reply
    Reply By citizenjournal citizenjournal | 4 months ago
    "...sir amra1....", this seems interesting Mr. Aarana!
  • Reply
    Reply By amra1 amra1 | 4 months ago
    :-) yeap
  • Reply
    Posted By TheRegularAmerican TheRegularAmerican | 4 months ago
    What's going on with people who don't have access to opportunities? They're waiting for Barack Hussein Obama, the president on training wheels, to rescue them - and they'll be waiting a long time. The very sad truth is that things will probably get much worse for those people before they get better. Corporate America, as well as small business, is at a hiring standstill due to underlying fears of government mandated health care and higher taxes. The devaluation of our currency, a 13 trillion dollar national debt, and record deficits have brought this country to the brink. I, personally, remain optimistic. The country has come to the end of an economic boom, a cycle that occurs every other decade or so. In my lifetime, I remember the recessions of the late 70's to early 80's, the early 90's, the tech bubble burst of Y2K, and 9/11. We always bounced back. The question is: Will our leaders in Washington do what it takes to keep our current economic situation from sliding into a depression? So far, I'm not too impressed.
  • Reply
    Posted By amra1 amra1 | 4 months ago
    I agree with you, but we need to find a way to come out of this! I am used to boom and bust but our government has kept our economy going by artificial means e.g. by keeping interest rates low and causing the real estate boom, people borrowing against their inflated homes...... and spending on consumption.... We really need an economy that creates job...even now startups are having a very tough time raising money. Investors are paralyzed
  • Reply
    Posted By allknower allknower | 4 months ago
    Nobody is insulated from recession. Harvard was the last place I thought would be affected by it though.
  • Reply
    Posted By Changez Changez | 4 months ago
    You're 38? I thought you were in your 20's.

    can you imagine how bad it is for someone here in Pakistan to try get a loan. I have a great small business idea, but no capital.
  • Reply
    Posted By KenLapham KenLapham | 4 months ago
    There is no logic to thinking that raising taxes helps in a recession. Anyone who thinks that should have to fall down the income scale and live on the poverty line immediately.
  • Reply
    Posted By jahandkeh jahandkeh | 4 months ago
    This economic decline is similar to the decline of the 1930s, slow and gradual. We're just at the beginning.
  • Reply
    Posted By broteem broteem | 3 months ago
    Nice to read your rendering of the state of affairs. Yes, we have been in a challenging time as our ancestors had experienced time and again. The time has been bleeding and uncertainties terrifying every conscious persons. Still I hope these will be settled on some tomorrow when there will be exchanges of smiles between every two of us. Still I hope people will feel happy to write for the Allvoices.com next time and their twinkling eyes will be felt thro' the digital journal.Thank you for your concern for the day we have been passing.
  • Reply
    Posted By Rsaeed Rsaeed | about 1 month ago
    good report on economy
    • Reported by Amra Tareen
    Amra Tareen

    Member Since Dec 12, 2007

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