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2013 - peak or trough?

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2013 - peak or trough? [#permalink] New post 22 Apr 2011, 11:06
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I'm as excited as the next guy about the prospect of attending business school this fall, but is anyone else worried about this?

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.

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Re: 2013 - peak or trough? [#permalink] New post 22 Apr 2011, 11:34
Time to take on bigger short positions on US stocks then?
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Re: 2013 - peak or trough? [#permalink] New post 23 Apr 2011, 06:16
I was expecting this to be a discussion about applicant volumes lol
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Re: 2013 - peak or trough? [#permalink] New post 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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2013 - peak or trough?

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