Every day we hear scary stories about the impact the so called current financial slowdown will have on the lives of ordinary people like me. And it makes me wonder, how will it have a negative impact on me now when you consider the fact that I was much better off prior to this so called period of boom?
By better off, I mean my purchasing power was stronger than it was during the last 6-7 years of economic "growth" when prices started climbing like crazy, when everything started revolving around money & money worship became the main religion of our "businessmen".
Have you guys noticed something? It is the so called "businessmen" who are complaining. For the rest of us, most probably it has brought smile to our faces, at least this is true for me. In fact, I see the current "decline" as the real growth as long as it helps brings down the prices to realistic levels. Enough exploitation in the name of economic "growth".
On a side note, I have set up a new blog which basically is a collection of UAE themed blogs. It is a small effort to unite UAE based bloggers & it will only succeed with your cooperation. And you know what motivated me? It was this post by a fellow blogger Aisha. Have a look & do share your opinion.
I have tried my best to include all the UAE blogs I was aware of, but if I have missed you, let me know. Enjoy the weather :-)
By better off, I mean my purchasing power was stronger than it was during the last 6-7 years of economic "growth" when prices started climbing like crazy, when everything started revolving around money & money worship became the main religion of our "businessmen".
Have you guys noticed something? It is the so called "businessmen" who are complaining. For the rest of us, most probably it has brought smile to our faces, at least this is true for me. In fact, I see the current "decline" as the real growth as long as it helps brings down the prices to realistic levels. Enough exploitation in the name of economic "growth".
On a side note, I have set up a new blog which basically is a collection of UAE themed blogs. It is a small effort to unite UAE based bloggers & it will only succeed with your cooperation. And you know what motivated me? It was this post by a fellow blogger Aisha. Have a look & do share your opinion.
I have tried my best to include all the UAE blogs I was aware of, but if I have missed you, let me know. Enjoy the weather :-)
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5 comments:
i'm with anything that'll get the prices down..if it mean economic slow down.
mabrook on the new blog :)
mabrook the new blog!
will give it a visit soon =)
btw, prices here are still going up despite the crashings =S
how come?
Economics suck I don’t know why in hell did I major in business accounting .. one minute the economy is booming and other min its down just to go right back again ,, and I find it really funy that the period of the so called booming phase stays longer and lets not forget it comes with baggage .. I wonder what the inflation rate is gonna be now !!
Aaaaaw & I can see my blog added in your new blog thanks :)
Sadia: "i'm with anything that'll get the prices down..if it mean economic slow down"
Welcome to the club. Btw, thanks for the greeting :-)
ĐǻñĎõøðñ: First of all, thanks for the greeting. Secondly, don't be so impatient, sooner or later the prices will come down to their realitic levels when the producers & traders realize that there are no takers for their products :-)
Notorious: You are welcome :-)
The major in business accounting, has it helped you in real life? I think the right word to use during such times is deflation :-)
The global markets are undergoing recession. I wish UAE also get hit with the same. Let the filthy idiots (ARABS) experience the situation of not having money, or poor business. The expatriates who got exploited badly are waiting to see the fall...
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