Of course the big thing is the financial markets melting down. Seems the bailout and everything else is just throwing fuel on the fire. As expected.
This could be just a few months of tightness then right back to the climb, or it could be like the Great Depression. If so maybe it’s all for the best. Because maybe the world needs a break from constant accelerating more-ness. Work more, do more, get more, have more, more of everything except time to enjoy being here.
Someone else said it better than me:
But take this comfort: to whom little is given, little may be expected. You won’t make much but you probably won’t have to take work home with you, and no one with be calling you at night from the job when the power grid goes down. When you lose your pre-Depression advantages, you will also lose the need to strive, to keep up, to run yourself ragged. You may find yourself cultivating pleasant, inexpensive hobbies, like writing, painting, or maintaining a pigeon coop. Your kids, deprived of constant day-care and supervision, may play in sandlots or in the streets, using bats made out of broom handles to hit spaldeens. You may even find yourself adjusting quite happily to a life with lower expectations.
You can read the rest here:
9 Ways You’ll Save in the New Depression