Economic Meltdown, When You Finally Get the Memo

The economic meltdown came so fast and so furiously, most of us weren’t sure how to even reaction.   With the markets plummeting, housing prices on a steep decline and people getting laid off left and right, we were left with mixtures of anger and grief.  To at least some degree, life as we knew it was over.

What I mean by this is that most of us having been living over our heads for years.   We all believed we deserved certainly luxuries, everything from the pricey wines to the trendy wardrobes.   Men were having their shirts custom made, and women just had to have the bag of the season.  Designer, shoes, suits, shirts, dining out,  lavish vacations, were no longer anything special but just another part of our regimen.

We made money and then we borrowed more.   We bought houses that were way over our heads, automobiles that offered status but at a very high cost.  We leased cars we couldn’t afford.   We took lavish vacations, ate out in cutsey restaurants.  We bought gourmet food and fine wine.   We were massaged on a regular basis.  We went nightclubbing and sat around over expensive vodka and a bowl of caviar, playing with our electronic gadgets.  We actually thought that none of it would end.
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And then it did.   Now it’s time to tell ourselves and our families that life as we knew it has at least temporarily been put on hold.   The level of disbelief is considerable.  Husbands and wives are fighting.  The childen, spoiled from years and indulgence, simply can’t believe they have to cool it with the designer jeans and trips to the maill.   As for the gourmet foods, it’s the big box store for most of us.   Restaurants?   Yes, some of the top of the line steak joints are still doing well, as are the lower priced coffee shop.   As for that cute little storefront bistro. let’s just say it’s rare that you need reservations.

So after all those years of indulgence, the bottom has now fallen out of the economy.   It’s a bitter pill to swallow.   A sad but unique experience.   Ironic that it comes at such a price.

Author: Gordon Basichis

Gordon Basichis is the Co-Founder of Corra Group, specializing in pre-employment background checks and corporate research. He has been a marketing and media executive. He is the author of the best selling Beautiful Bad Girl, The Vicki Morgan Story, a non-fiction novel that helped define exotic behavior in the late twentieth century. He has recently published The Cuban Quarter, The Blood Orange, and The Guys Who Spied for China, dealing with Chinese Espionage in the United States. He is the author of The Constant Travellers. He has been a journalist for several newspapers and is a screenwriter and producer.