The credit crunch and existential angst

with 1 Comment

FULHAM ROAD — I heard from my young niece in Canada this morning. She had a few jokes for me. My favourite was this:

Q: Why did the chewing gum cross the road?

A: I don’t know. Why did the chewing gum cross the road?

Q: Because it was stuck to the chicken.

So, it’s not the best joke ever. But it has a good history.

Most kids learn the original: “Why did the chicken cross the road? To get to the other side…” As their first experience with existential irony. And it’s a good thing to learn early.

Because life is kind of like that. “Why did we do that? Because we did.” That’s a good recipe for surviving in society and at work. My wife reports that some parents at school have said they’re not going to worry about where their kids go to school after they graduate, because the credit crunch will change everything before then.

Really?

That sounds like planning for disaster. Or maybe it’s “not planning in the hopes of disaster”.

At the moment, it seems more like the media like a good scare story and the bankers continue to feel that they are the centre of the world.

Maybe their both right.

But I don’t think the rest of us should be pulling the covers up over our heads. Sometimes you just have to keep going. Even if it’s only because you’re stuck to the chicken.

/df



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One Response

  1. Bennet Simonton
    |

    It is a bit more than a scare story. Banks are not lending. Businesses are shutting down or cutting back because they can’t get funds to meet their payrolls, buy more materials to make more widgets, buy more cars to have available to buyers, buy seeds for planting the next crops, etcetera, etcetera.

    If you think this is just a media scare you haven’t been listening to whats going on. We aren’t trying to bail out banks or Wall Street. We are trying to bail out mainstreet, ordinary people who need jobs. We all spend too much and our debts have finally caught up to us.

    Of course, our Democrat pols caused the sub-prime cxrisis by forcing banks to lend to people who could not afford any loan. And now the same pols such as Schumer, Dodd and Frank are blaming Wall Street hoping no one remembers what they did. Even Obama had a piece of their action with ACORN.

    Best regards, Ben

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