Skip to main content

Surviving and sustaining the IT recession


The global economy is like an elephant, it is coming in terms with its center of gravity. One legged elephant, meaning US, that it has been, is now finding it's other legs in Europe, China and India. It needs time but it eventually will settle down. A lot of markets will suffer, a lot of inflation and in some cases, over-heated economies might flirt with deflation as well, but it will settle down.

Anyways, I blog about it a bit, from my own experiences, on ITtoolbox:

We are going in a recession. I have been screaming about it for quite some time. I have been born and brought up, as a professional, in this increasingly flattening global economy. I draw an analogy of global economy being an elephant which has been an big fat beast standing on one thick leg, the US economy. What is happening now is that this elephant is unfurling its other three legs. They are Europe, China, India (feel free to disagree with the legs analogy with me here). This is obviously creating a lot of unrest, investors are upset, Feds are under fire, Mortgage market is a drama, Oil prices are shooting, US dollar is devaluing (Fresh from Bloomberg: Indians are disallowing tourists to pay in Dollars, I wonder if my next trip to Africa will also not be in USD. They all want stronger currencies to make more cash!). So we are heading towards globalization alright!

When I went for interviews, people often asked me: "How come you changed jobs this quick?" I said :"Globalization!"

Check out the rest.

Comments

  1. Yes the drop in the value of the US dollar has me worried as an American IT worker. I wonder if I should find an Oracle DBA job in Europe?

    ReplyDelete
  2. Experienced Oracle DBA job here can fetch you 60-80 K euros. You don't have to be a hot-shot DBA.

    I think the US job market is bound to suffer tremendously in the coming 18 months. And besides in Europe, you work-life balance in far better. Far far batter!

    ReplyDelete

Post a Comment

Popular posts from this blog

DeepLearningTrucker Part 1

Avastu Blog is migrating to IdeationCloud.com; 1st Jan 2009 live

YOU DON'T HAVE TO DO ANYTHING. WITHIN 2 SECONDS YOU WILL BE REDIRECTED TO THE NEW HOME OF AVASTU BLOG. PLEASE DO UPDATE AVASTU BLOG'S URL to : http://www.ideationcloud.com on your website.

I will send out emails personally to those who are using my link(s) on their sites.

Thanks much for your co-operation and hope you enjoy the new site and its cool new features :-)




Not like the site is unlive or something..on the contrary, its beginning to get a lot of attention already. Well most of the work is done, you don't have to worry about anything though:

What won't change

Links/Referrals: I will be redirecting the links (all links which you may have cross-posted) to IdeationCloud.com - so you don't have to do anything in all your posts and links. Although, I would urge however that you do change the permalinks, especially on your blogs etc yourselfThis blog is not going away anywhere but within a few months, I will consider discontinuing its usage. I won't obviously do …

Cloud Security: Eliminate humans from the "Information Supply Chain on the Web"

My upcoming article, part - 3 data center predictions for 2009, has a slideshot talking about the transition from the current age to the cloud computing age to eventually the ideation age- the age where you will have clouds that will emote but they will have no internal employees.

Biggest management disasters occur because internal folks are making a mess of the playground.

Om's blog is carrying an article about Cloud security and it is rather direct but also makes a lot of sense:

I don’t believe that clouds themselves will cause the security breaches and data theft they anticipate; in many ways, clouds will result in better security. Here’s why: Fewer humans –Most computer breaches are the result of human error; only 20-40 percent stem from technical malfunctions. Cloud operators that want to be profitable take humans out of the loop whenever possible.Better tools – Clouds can afford high-end data protection and security monitoring tools, as well as the experts to run them. I trust…