Friday, November 07, 2008

Reality 101—a horror story for our time

Warning. This is one of the most frightening things I've ever read. (But then, I say that about almost all the things I post...)

from Hubris and Nemesis:

LinkThe Financial Crisis and an Ordinary man.

  • Nov. 3rd, 2008 at 12:57 AM
With all the facts and figures going around, I think it's time to talk about what has happened, but on a personal scale, ie the story of just one man and his family as they started out with hope and ended up reaping the whirlwind as so many families have so far. Let's take a guy called Joe, for example. Joe went to college and got his degree in Information Techonology. After graduation , Joe landed a really nice, well paid job with a software development company in Silicon valley, California. He enjoyed the good life, he went out with his friends and partied all night long and managed to produce the goods every day. Normal for a young guy in Silicon Valley, the Nirvana of Information technology in the States!
One day, Joe meets Sarah, a gainfully employed, pretty blonde with Blue eyes and Joe is in love from the get go. They go out, have fun, both working, money is not a problem. These are the boom days in IT and nobody even dreams that these days will ever end. It's the gravy train and they both have first class tickets all the way. Love turns to thoughts of marriage and Joe and Sarah start to plan for the monumental day. They start to think; well, we'll have to buy a house to raise a family.

So far, so good.

...but from there, like a roller coaster cresting the top of a hill, it's a gradual, then increasingly steep decline...

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