The Downturn That Won't Go Away
from the not-looking-good dept
When the economic downturn first started, a few people predicted things wouldn’t get better until a large segment of the population gave up all hope of it getting better. It seems that things certainly are pretty terrible in Silicon Valley – as the two major newspapers in the area both have depressing stories of the downturn. The San Jose Mercury News calls it the the downturn that won’t go away, and says that its having a huge psychological impact on many people in the Valley who used to think the future was always bright here. Over at the San Francisco Chronicle they have the story of a couple who are almost homeless after having difficulty finding work and getting kicked out of their apartment. They now live in an old RV that they bought for less than $5,000. I’m sure there are plenty of similar stories out there as well.
Comments on “The Downturn That Won't Go Away”
uh, what is it with people...
It’s called a bubble…
things will *never* be like they were and we still haven’t gotten any where close to “normal” yet.
I mean, just take a look at the Tulip market today!
Re: uh, what is it with people...
No one is saying they want it to be like it was… They’re just wondering when the economy will start to improve.
As for the comparison with the tulip market, that’s not quite valid. The Tulip craze was about flowers. At least with the technology craze some new, useful, and innovative products were created.