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Comment by hugh | Hacker News Reader

And to think that less than a year ago I was thinking "I'm sick of this physics thing, I'm going to go and become one of those overpaid finance guys"

I'm so glad I didn't. Otherwise I'd probably be unemployed in New York City right now, with a $3000 a month lease.

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the finance industry has a very short-term memory though...

in less than 5 years, you will see them again inventing all sorts of financial schemes and create billions of wealth magically out of nowhere

I'm sure they will. Maybe I'll show up then, and claim my billion.

Let's just hope that's not the price of a loaf of bread.

Not this time. The fancy pants bankers are going to be out of work for a loooooong time this go round.

The shenanigans are all predicated on cheap credit. Interest rates world wide will be going up, up, up!

Why? Isn't credit a market like any other, regulated by supply and demand? What makes you think interest rates will go up?

Trillions worth of wealth are going poof all over the world. That's the supply diminishing.

Governments are also trying hard to inflate, which will drive rates up.

Probably based on health insurance.

mm, overfunded health insurance funds

I knew of a guy who's now in Wall Street, in the very eye of the storm. He also started a company in 2000. What bad luck...he's like a shitstorm seaker or something.

Let us know what industry to short, next time he starts a venture.

Good idea.

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