An inner worry... recession looming

Grapevine is that MS will be bought over too. The drastic turn in the financial mkts is indeed depressing. In the office, teleconferences are ongoing all the time, with instructions to freeze biz with so-&-so. Advertising budgets will continue to shrink as banks prepare for the depressing times ahead. Just heard the news on CNA that financial mkts will tighten its belts on hiring & wages will start falling. If MS were to merge with a commercial bank, am sure the axes will fall & KL will most likely to be hit.

These days he comes home without complaining abt the horried hrs & that piles of papers he has to look thru. I think the financial disaster has finally struck him - that with 25000 bankers worldwide from Lehman straying on the streets, one should count his lucky stars that they are still on payroll. I am beginning to sense the tension in the office too and well, bonus & increments will likely be hurt.

Seems like we are always hitting bad times. Sometimes i ask myself why didn't i have the luxury of jumping on the rosy job market bandwagon just 1 yr ago when salaries were on the rise & the hiring environment was all rosy and positive. I try to console myself that i should do things that are within my control instead of worrying abt things that are outta my control. Some part of me, I am glad that i accepted the new role in Group but erm, with the looming recession, it'll be more challenging for me to request for an increment. I don't think if this'll just make me stagnate even more. For sure, i am thankful that i'll definately NOT be located in the new building in Changi but in Marina financial centre come 2010 (if i am still around).

What goes up must come down & vice versa. I pray deep within that KL will be ok but i am also prepared to carry the burden of the axe with him. Pray for the best, & be prepared for the worst...