Software Nerd

Wednesday, June 04, 2008

Recession

On TV, pundits debate if we're already in recession, going to be there soon, or will avoid one. Meanwhile, my state of Michigan has been lagging the nation for a while. Our recent unemployment numbers (7%) show us at the bottom of the list. Michigan home-price did not rise like those in California and Florida; yet, we're experiencing a relatively bad housing market.

Consider this, though.... Today, while driving to the mall, I was watching the sprinklers water the wide, well-mowed median of our middle-class subdivision. In up-and-coming economies like India and China, this would be unthinkable luxury, reserved for rich enclaves. At the store, the sign said they were out of Wii's, and when they arrived they'd be limited to 1 per customer.

Even though I immigrated over a decade ago, the the relative wealth of the west still blows me away.

Here's a related, interesting read, from the WSJ.

1 Comments:

  • I am always amazed that people keep forgetting what the rest of the world has to go through because of their old holdover cultural beliefs.

    By Blogger Kim, at 8:30 PM  

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