Info Gluttony

The Global Recession from the Tail End of Gen X

Posted in It's the Economy by echan on December 18, 2008

The incredible shrinking economy has dominated the chatter at this week’s social outings.  Among my age cohort (those born during the Carter Administration), I feel that these conversations evolve in one of two directions, but are both peppered by an extreme sense of Daily Show-sized irony:

  • What are your plans for the post-apocalypse?  Are you buying gold bars?  Silver dimes because they are easier to trade for goods? Have you been out to Jackson Arms to practice your shot? Will we be useless with our white collar skills when civilization collapses? (It’s funny, how we all sound like Peak Oilers now.)
  • The interest rate is at or near zero?  Our very own lost decade?  How did Japan get out of it? Really, 10 years of this? Nah, I think only 3 years, but that may be long enough for Obama to lose his reelection campaign because the people are impatient.

The reason why I think age is so important is because a good number of my friends are embarking on our prime decade, our 30s.  So, for this to coincide with a lost decade, we cannot decide if we are blessed or cursed to have populated the last generation of i-banking associates.

Addendum: Malcolm Gladwell’s Outliers has also been weighing heavily on my mind lately.  Given the timing of the financial crisis, I’m trying to figure out where the opportunities lie.

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3 Responses

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  1. robin said, on December 27, 2008 at 5:20 am

    Coming to this post late. Most of my web surfing these days has been rustling up silver dimes on eBay.

    But: Any further thoughts on the new opportunities?

    Starting to realize that whole “take advantage of a world in flux” thing is harder than it sounds. Harder — but of course not impossible.

  2. eflan said, on December 27, 2008 at 9:54 pm

    I was hiking with one of my more pessimistic peers yesterday, and he pointed out that he thinks that it’s too late to “take advantage of a world in flux” already. If we haven’t already made a bit of dough from the “fleecing” during the past decade, there’s no chance to do it now.

    Silver dimes, ahoy!

  3. Half Empty or Half Full « Info Gluttony said, on February 23, 2009 at 12:56 am

    […] now today, I joke with friends about contingency plans for the impending apocalypse, and attend talks about social collapse, but […]


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