Are We There Yet?
Looking at Dow Jones and ASX this week was painful. It goes down, and down, and down like there is no tomorrow. Fortunately market is closed on weekends so people can take a breath — thinking about when it is going to end. It’s a bit like taking kids for a long flight.
“Are we there yet, daddy?”
“Nope, not yet.”
(Moments later)
“Are we there yet?”
“Please be patient!”
(Soon after)
“Are we there yet?”
“Aarghhh!!!”
I can foresee that next Monday, when we are taking our kids to Hong Kong/Taiwan visiting families for 2 weeks. At least you know the flight is 8 hours and there’s a sure end to it. Are we at the bottom yet for the financial crisis?
Comments
Add a comment
Gravatar is used. Email address is required but will not be displayed. Please keep your comment on topic. No spamming and/or bad language. First time poster will be moderated. Scott reserves the right to delete/edit your comments.
Playground is the personal weblog of Scott Yang, a Chinese-Australian Christian who works as a software developer in Sydney Australia.
I’ve heard analysts say that we could be in a 3-10 year worldwide recession. Globally, the richest economies now owe more money than we have in circulation, so it’s time to pay up.
This American Life has a great podcast summary of how things came to be – might be a good listen during the 8 hour plane ride:
http://www.thisamericanlife.org/Radio_Episode.aspx?episode=365