Sunday, 12 October 2008

I think the Second Great Depression is nigh. I went to this job interview the other day, and this guy was talking about how it was hard for him to find a job back in the 1980s during the recession. I know this guy in the industry who told me the other day that it's pretty hard to find a job in the construction business nowadays, simply because there's not enough demand. I think the effects are certainly visible. It's definitely surfacing. Even my parents are freaking out.

Living costs are getting higher. I always keep a note of my expenditures every month, and I'm starting to see a disturbing pattern. Prices are going up, people's rents are going up. World energy price is going down because of less demand, but the energy companies aren't lowering their prices. It doesn't take a genius to see that things are going to shit. Call me paranoid, but everything looks pretty fucked up.

I don't study economics or finance at uni, so I don't really know what's going on. I'm as clueless as most of you. This link's pretty interesting.

http://www.counterpunch.org/whitney02212007.html


I don't think I'll know what to do when it happens.

I was never raised as an enterpreneur. I don't have any skills or aptitude necessary to become self sufficient in such crisis. I'm studying at uni, a 5 year degree, to work in an industry propelled by material demand. An industry fuelled by the world's hunger for more and more things that they don't even need.

What did people do during the Great Depression? How did they cope?

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