Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Tuesday, March 3, 2009

Recession-Proof Industries

Include movies, online dating and chocolate.

Superficial is out, finding someone whose personality you like is in.

Historically, movies have done well during bad economic times. Everyone needs a diversion. Chocolate is also recession-proof; I'm thinking Hersheys and Nestle, not necessarily Godiva and the high end brands. People still need treats and likely downgrade from other sorts of treats to chocolate, or from higher priced brands to lower. Since I'm not a chocolate snob, I'm no judge and am perfectly happy with ordinary brands.

Tuesday, January 27, 2009

College Educated Chinese Notice Lack of Employment

Considering that, like all of us, I have an advance degree, it's difficult for me to be sympathetic with the Chinese who are having trouble finding jobs. The job market in the US seems to have gone down directly when I have needed a job, every time.

When there is a global recession, when factories are closing down and countries are printing money right and left to bail out big business, it isn't a huge surprise if the job market is down. In China though, it seems education was the big saver, as it used to be in the US. No more.