I find a strange melancholic amusement to learn that many of these investment banks’ CEOs and boards of directors — people being paid millions of dollars every year to purportedly know what their own companies are doing and how they make money — didn’t have …
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Where are you getting petrol for $3.60?!
I’m happily not part of this terrible down-turn in the markets. When I had to go on Social Security Disability for my mental health, they made sure that I’d run down any 401k’s that I had through my union. I’d also run out of Unemployment, as I hadn’t realized how truly sick I was.
I’d bought a “habitable shell” with a best friend of mine, before I became disabled. Comparable houses on the same block have been broken up into condos, the base price of which is around $275,000. The condos are around the same square footage, amounting to what would be five condos in our home. We bought it for $50,000.
Philadelphia, where I live, has not been as affected as many other areas in the country. In part because our realty has been behind the times, ergo avoiding false inflationary pricing. I think that the city has done well through this financial crisis, in part because it’s the “female” in a male dominated city country.
Bear with me here! Philadelphia has never aggressively pushed herself. We can see this in everything from being claimed “The Sixth Burrough of NYC”, to the fact that emergency plans focus on Washington, NYC, Baltimore, but not us.
No high falutin’ terrorist would even think to visit death and destruction here. As far as the North-east Corridor is concerned, Princeton Junction is a better stop than here.
We’re cheap, obnoxious, clannish, democratic, territorial and tough to love. That’s why I’ve made this place my home for almost twenty years. The summers are awful, the winters can be the same. But walking around on a spring or fall day, can make me remember what it is about this city that I love.
Your description of “melancholic amusment” inspired me to launch a contest on my blog dedicated to “schadenfreude.”
Yesterday on CNBC they showed a list of the stocks that did best during the depression and times of recession in our economy. Number one was tobacco, number two was alcohol and number three was food. I wonder if stress really did cause people to drink and smoke more during difficult times.