Frogs' Legs Aren't Funny

The download of my daily (almost) thoughts and ruminations.

Saturday, August 01, 2009

Swimming Against the Tide

Today I heard someone say the recession is beginning to wane. They said housing prices won't get any worse and that the economy won't get any worse. Are they really paying attention? What about all the people who will still be laid off this year, because they will. What about all those who recently graduated from school and still can't find jobs, because they won't. What about all the cuts to various government budgets and all the dominoes that will fall from that, because they will. What about all these people who won't be spending any money, because they won't have it to spend. What about all the little businesses we are watching close week after week, for that matter some are large businesses.
Everyone I know is looking around, wondering if they are going to weather the storm, myself included. Life is going to get very interesting and begin to move at light speed with no breaks. The question is will any of us be able to keep up?

I guess these experts are reading different tea leaves from the rest of us, maybe they're even of the Mary Jane variety. I just hope people are cautious, regardless of what "they" are saying, the worst is NOT over.

3 Comments:

At 8:21 AM, Blogger Robert the Skeptic said...

I have the same observation, the economy has significantly and permanently changed. It is no longer possible for working class people to earn enough to live comfortably or buy a home. The percentage of income that goes to housing is way out of scale, owning OR renting. The focus of our GDP has shifted from making things to moving money around. The economic (and military) weight of China and India is growing much faster than ours. And we have completely forgotten about the limited availability of fossil fuels because (right now, anyway) they are cheap. Your concerns are spot on!

 
At 11:39 AM, Blogger kara said...

you'll keep your job. i just know it.

 
At 9:20 PM, Blogger The Future said...

I'm not sure I have your confidence, we'll see. I just don't have time to worry about it.

 

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