Tuesday, March 10, 2009

Noted


"In just the seven months since the stock market began to plummet, the recession has aimed its death ray not just at the credit market, the Dow and Detroit, but at the very ethos of conspicuous consumption. Even those with a regular income are reassessing their spending habits, perhaps for the long term. They are shopping their closets, downscaling their vacations and holding off on trading in their cars. If the race to have the latest fashions and gadgets was like an endless, ever-faster video game, then someone has pushed the reset button." (The New York Times)

2 comments:

hntrnyc said...

A predictable end to an unsustainable era. Unfortunately, we will be paying for a party we were never invited to nor had any interest in crashing.

EV Grieve said...

Oh. So does this mean that you're NOT buying the new U2 record then, HG?