Recession 2.0

October 6th, 2008

Apologies that the blog has been sparse and on autopilot for the past week - I’ve been on vacation to where staring at a screen (my day job) has become totally unappealing.

Anyhow, just as a mental note, as the stock market takes a huge dive once again, the general trend among the “aged relatives” I’ve been hanging out with is the bad economy and everyone is pulling back. I think we’re definitely facing a consumer-led recession which will be a new sort of challenge for the economy as a whole. This isn’t something businesses will be able to solve themselves, by advertising more or cutting jobs to save money. Actually, the latter will probably make things much worse.

Even I have scaled back dramatically as my usual purchase about this time of year would be a MacBook to replace my old one, but I’m now eyeing these “netbooks” with a price point of $500. Actually, even that may be off the table when I tally up the final cost of this vacation we’re on. So, sorry, Asus, HP or whomever else I may have bought a “netbook” from - no consumer electronics purchases from me.

Still, as the market collapses, I couldn’t help but notice that Apple has gone well below $100. I wonder if I should pick up some more?

Nah, the beach beckons. And I’m sure there will be more “buying opportunities” from here until 2010. Time to enjoy the here and now, before it all goes to heck.

RSS Feed Please subscribe to the Webomatica RSS Feed!

Viewing 1 Comment

 

Trackbacks

(Trackback URL)

close Reblog this comment
blog comments powered by Disqus