liquidity

bromion Wrote:
-------------------------------------------------------
> Not sure about that -- it seems like the
> contraction is secular as much as cyclical. I
> expect "permanently" reduced demand for finance
> professionals over the next decade or so. A lot of
> people are going to get punted from the industry
> and never get back in. It doesn't mean there
> aren't other good jobs to be had (corporate
> development, CFO track, etc.) but I wouldn't
> expect that things are going to get magically
> better over the next couple of years. The
> financial services industry was bloated. This is
> maybe the worst possible time to be trying to
> break in for the first time. It's probably going
> to be a very long time before we see 1999 or 2006
> again.


I totally agree with this. With all the new regulations that the govt , it is likely 1999 and 2006 will almost never happen again.

Finance is a shrinking field, there will not be a sharp bounce back. At best, the layoffs stop and maybe 10-15% of the few hundred thousand let go get hired back.