So, How About That Recession?
Mar 1st, 2008 by Bobosan
I went out to grab a quick burger tonight—the first time I’ve stopped at a fast food joint in quite awhile, probably over two weeks. I used to carry cash on me all the time from tips, but now that I don’t drive anymore at all, it all goes on my debit card nowdays. Anyhow, I actually had stopped at an ATM a couple hours before, and new that with the $6 I had left in my pocket, I could get something from Wendy’s…or so I thought.
It seems Wendy’s, like many other places, are facing rising cost’s themselves, and they actually rose their prices. That $5.48 meal now just cost me a little bit over $7. A year ago, $7 could have bought me a basic burger at a mid-range joint like Applebee’s but instead, it gets me fast-food service and fast-food taste.
It’s not just the cost of food that’s increasing either. Oil is still at the highest it’s ever been, and it’s not coming down any time soon. I remember when the damn thing went over $2 a gallon, and I really didn’t care…at $3 a gallon, I cared a hell of a lot. Now, we’re facing the possibility of almost $4 a gallon before the end of the year, and it will be interesting to see where we top out at.
Fuel and food costs rising, couple with the last quarters economic numbers are all pointing to a layman’s recession. Just remember, a recession officially is 2 periods of negative economic growth, and we’ve already had one. Unofficially, the economy is in the shitter, and thing will get worse before they get better.
This week at work has been hit-or-miss for sales. The last couple of days were damn slow, and pretty damn scary; but tonight was an explosion of everyone wanting pizza. Are people realizing that their disposable income is dwindling and cutting back on their extra spending? Having worked in the Pizza business for awhile now, I can say I will never pay full price ever again for a pizza. Has the public caught on?
So what does the future hold? Will we see a depression like we haven’t seen in the last seventy years? I wonder actually what kind of job security I have right now. I couldn’t put anything tangible on it, but I’d think I’d have some pretty good insurance against losing my job if it goes that badly. I would imagine I would be one of the last ones to leave, turning the damn light off as the store closes one last time.
I really hope it doesn’t get that bad. For every economic boom, there must be a pitfall somewhere and someplace. Is it our time to fall back into the abyss again? Must we deal with both the presumed threat of “terrorism” and the threat of a global recession and eventual depression? If I was a conspiraciy theorist, I’d be going nuts right about now.
Sadly, I’m always grounded in both logic, and reality.