2013 - peak or trough? : Business School Life
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# 2013 - peak or trough?

Author Message
Current Student
Joined: 20 Jun 2009
Posts: 168
Schools: Yale SOM Class of 2013
Followers: 3

Kudos [?]: 35 [1] , given: 0

2013 - peak or trough? [#permalink]

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22 Apr 2011, 11:06
1
KUDOS

http://www.huffingtonpost.com/2011/04/1 ... 50482.html

If we don't tighten our collective belts, a downgrade of US debt seems like a real possibility. If that were to happen, interest rates would soar, the dollar would plummet, credit would contract and corporate taxes would rise. It would be a crisis of Greek proportions, and certainly wouldn't bode well for the MBA job market.

Thoughts?
Joined: 26 Dec 2008
Posts: 2453
Location: Los Angeles, CA
Followers: 83

Kudos [?]: 563 [0], given: 0

Re: 2013 - peak or trough? [#permalink]

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22 Apr 2011, 11:34
Time to take on bigger short positions on US stocks then?
_________________

Alex Chu
alex@mbaapply.com
http://www.mbaapply.com

Manager
Joined: 24 Jun 2010
Posts: 141
Concentration: Strategy, Technology
Followers: 6

Kudos [?]: 29 [0], given: 26

Re: 2013 - peak or trough? [#permalink]

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23 Apr 2011, 06:16
I was expecting this to be a discussion about applicant volumes lol
Current Student
Joined: 07 May 2010
Posts: 731
Followers: 14

Kudos [?]: 88 [0], given: 66

Re: 2013 - peak or trough? [#permalink]

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23 Apr 2011, 06:52
I just dont think its gonna happen. Those rating are so "manufactured" that if the US outlays a plan the S&P will leave the rating at AAA. If anything, the US should have been downgraded years ago. IMO the S&P doesn't have the guts to downgrade the USA.
That said, if it were to happen, I am gearing up by moving to cash in my account and shorting EVERYTHING that is over inflated. AAPL anyone?
As far as MBA jobs go yea things could be bad, but what are we supposed to do, drop out? Not go?
It sucks graduating during a recession (did that already) but time should heal all wounds. The street has bounced back nicely from the recent "Great Recession"
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Re: 2013 - peak or trough?   [#permalink] 23 Apr 2011, 06:52
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