Feeling like next economic downturn is on the horizon. How bad were layoffs during the recession in '08? Is there anything one can do to prepare?

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Purchase options on the VIX

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Should I move to fed which tends to keep going strong during a recession??

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Moving to fed sounds like a good idea..

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It was terrible. So hard to find a job as a new grad then.

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Chill. Just one bad day for stocks after over 10% gains this year

The expansion is nearing the record for length, so pretty good chance of a recession soon. How bad is anyone’s guess. I heard it was quite bad in consulting in both 02 and 09, layoffs and rescinded offers were common stories.

It will be savage. Pray for slow, steady growth

So sounds like nothing we can do to protect our jobs...are we effed?

I was at a diff firm and was a third year. We lost 90% of third years (myself included) to layoffs.

So what do we do??

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