Thursday, September 10, 2009
Since our return from the trip to the United Kingdom I have seen a big drop off in the number of coins laying around our streets. Either I'm going blind or did something in the economy change in our absence? Is the lack of coinage a sidewalker thing or a circumstance of the broader economic environment?
I did a little research and it appears some of the eminent economists amongst us have been making noises that they think the 'great' recession of 2007-2009(?) has ended. If that proves to be correct that is fantastic news for all of us in America. However this is the same bunch of analysts that never saw the financial tsunami coming in the first place; even as it washed over their (and our) heads, sweeping their bonuses and our jobs out to sea.
Maybe I have encouraged everyone to pick up the loose change, thus explaining it's disappearance from the streets, and that extra money in the pockets of America has dragged us back from the edge of the dark abyss of total and utter financial meltdown?
As always there is a caveat and I think it can be best illustrated with this jest I found in the comments section over at The Big Picture:
A mathematician, an accountant and an economist apply for the same job.
The interviewer calls in the mathematician and asks “What does two plus two equal?” The mathematician replies “Four.” The interviewer asks “Four, exactly?” The mathematician looks at the interviewer incredulously and says “Yes, four, exactly.”
Then the interviewer calls in the accountant and asks the same question “What does two plus two equal?” The accountant says “On average, four – give or take ten percent, but on average, four.”
Then the interviewer calls in the economist and poses the same question “What does two plus two equal?” The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says “What do you want it to equal?”
My personal recession has shown no signs of receding to date. How about yours?
-Current balance $20.43