Sunday, August 14, 2011

Later

Three months on, and where am I at?

We continue to consolidate changes where I work. That translates into multiple openings in my group and at the segment level. A couple of them I even have a shot at.

I've been networking as well. As people leave and come in, hopefully I get some new opportunities.

Meantime, the recent Market "correction" (really? seems a bit more) has been fascinating to watch in the wake of S&P's downgrade of the US credit rating. What's maddening is to watch the market's movements as a direct response to the downgrade, when in fact most of it is being driven by the Eurozone's inability to adequately restructure Greece and other distressed sovereign debts. Furthermore, the downgrade isn't based on Congress having increased the debt ceiling; far from it, the downgrade is based on the fact that an influential group of congressional leaders openly stated that default on our debts was an option they were willing to accede to rather than come to an agreement over spending.

When you tell people upfront that you're willing to not pay your debts, they will lower your credit rating. it's that simple.

No comments: