When something can’t go on forever…it won’t.

Unless you live under a rock you know the economy has changed recently.  The question is; when did you know it was going to happen?  The press likes to pretend that the economy suddenly tanked without warning but I disagree.  The writing was on the wall years in advance.  Like anyone else, I clung to the idea that maybe I was misreading things and a booming economy based on free credit and magic unicorns would last forever.  Yet small deductions and minor observations piled up incrementally until I couldn’t help but get the point.

In any process of gradual learning there’s the moment when you give up all doubt and just know.  For me, that moment was a minor observation.  I was living in a large city which, as far as I could ascertain, was constructed entirely out of debt.  With a certain amount of self deception you could ignore this.  But one day the pizza delivery guy arrived in a brand new Cadillac Escalade.  While chatting with him I determined that he had indeed “purchased” (i.e. financed) it specifically for his job, he was entirely supporting himself with a part time job delivering pizzas, and he thought his new glittering White Elephant was a wise “investment”.  Nor was he a young fellow…he was in his mid twenties and more mature than the pimply faced high school student I usually associate with pizza delivery and fiscal cluelessness.

When the guy who brings your pizza is driving a brand new Escalade…something is terribly wrong.  That was all you needed to know about the economy in early 2005.

About AdaptiveCurmudgeon

Adaptive Curmudgeon is handsome, brave, and wise.

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  1. Pingback: One Year Of Interesting Times: Part I: Unreality Should Be Challenged | The Adaptive Curmudgeon's Blog

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