I thought it was just my imagination, but I really think it's true. No one has any money! All of my friends are poorer now than they used to be. Some have lost jobs due to cutbacks resulting from the airports being seized by the PAD mobs, others have lost savings and investments on the stock markets. Than there are those, like this writer who have simply picked a bad time to change jobs. The feeling seems to be there on the street though. Everyone seems reluctant to buy. Prices seem to be dropping. Actually, some have dropped. The price of public transportation has recently gone back down to where it was a year ago or so. My university tuition has dropped considerably (and it's retroactive) and the going rate for private tuition also seems to be much lower than what it was a year ago.
So, this is what it is like to live in a period of deflation. I save on transportation costs, and tuition so in that way it's good for me. Also, a while back I bought some clothes...real name-brand stuff from a department store for cheaper than the fake stuff on the street! They were unsold items from the U.S. I don't think I've ever seen that before. Yes, the sales can be good at times but name brand stuff in obvious U.S sizes are not that easy to find at such a huge discount. I'm not a fan of American Eagle particularly, but I'm fairly sure that $5 for on of their shirts is a good deal And, the material is better than the usual $5 shirt so it will probably last me more than a month. I think I might be benefiting from the breakdown in the financial system.
4 comments:
I always found it to be quite a rush when I found shirts that fit in BKK. Here in the frozen north we have been looking for sales but there really is nothing special. In the USA it is a great time to buy a house but here in Quebec we have watched the same group of houses stay at the same inflated prices for over a year now. It is like there is an economic state of denial here.
Makes perfect sense. Quebec is a distinct society and a nation. They are entirely unique in every single way and nothing like it has ever existed in all of human civilization. Therefore, the economic crisis doesn't happen.
Ha ha ha.....so that explains why 50 percent of my hard earned income is taken from me in the form of taxes.
What I am really saying is,...the USA is the major trading partner here. Do the math. If the US had not poured billions and billions of dollars into it's economy, if it tanked like the great depression, the socialist utopia of Quebec would look more like Cuba without the nice weather.
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