2 headed coin
Trilogy: Two-headed Coins, The Dow’s Hidden Reality, Sufficient Grace
11/March/2009 10:42 Filed in: Weekly
Column
Blame it on climate change. Mostly the economic
climate, but also a March snowfall, and plunging
temperatures that Tuesday night reached 8 degrees
(-13C), with so far 3 record cold nights in a row.
This week we have a double length unity in
diversity article, that looks in diverse ways at
the economic climate, and leads one to still
believe that spring always follows the winter, even
if today winter looks all too real.
Last Thursday evening was one of the most difficult times I can remember in a very long time. For the most part, I try to look at the world as a realistic optimist. After the Dow fell 300 points and played around 6500, I had to admit that things are getting seriously serious. That number was a thousand points lower than my somewhat flippant prediction of 7500 by Inauguration Day, which really didn’t happen until Economic Stimulus Day. But it was also only a thousand points above the 5500 level predicted by a real financial planner I talked with during a holiday office thing. If things continue on this current path the Dow could be at 5500 by April Fools Day.
Times are serious, and it is time for the folks to get serious also, that I realized meant the pointing finger also had three pointing back at me.
Most of the economic news now uses the 1982 recession as sort of a benchmark for where we are now. In that light 1982 was a life-changing period in my life, which basically has led me to where I am today. Considering all that has happened since that time, in the transcendent eternal sense, I am one of the more wealthy people in the world. Materially and economically things really are not all that much different than back then, maybe even quantitatively below that recessionary level.
In about the middle of the wonderful year of 1982, my folder of job rejection letters reached the thickness of maybe an inch and a half. In the year and a few months since I had been somewhat forcibly removed from corporate America, the only real potential opportunities had come from Long Beach, California, and Houston, Texas, both on my bottom ten places to live in the United States.
The amazing thing is just a few months before my trip to the unemployment office; my cute, corporate headhunter had told me, that with my qualifications I was probably one of the top six candidates in the country in my field. That all changed when new President Ronald Reagan, basically shut down the EPA and put all the new federal hazardous waste regulations on hold.
That pile of rejection letters changed my life; in conjunction with a phone call I received from one business manager, who instead of sending me another rejection letter decided to give me a call. The call came from a sales manager of a copier sales company where I had applied for an entry-level sales position. At that time copier sales people were required to make at least forty external cold calls per day, as well as follow up on any other slim leads that may have been generated by some other means.
The reason that this manager decided to give me a call was because, as we determined, he had been in the class just before me at the Army Security Agency Officers Class at Ft. Devens, Massachusetts. He stated that he had taken that copier sales job (perhaps in the 1973-75 recession) and had just gotten to the point where he could relax a bit, and that there was no way he was ever going to hire anyone that might threaten that long sought security, which he could easily discern from my resume.
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Last Thursday evening was one of the most difficult times I can remember in a very long time. For the most part, I try to look at the world as a realistic optimist. After the Dow fell 300 points and played around 6500, I had to admit that things are getting seriously serious. That number was a thousand points lower than my somewhat flippant prediction of 7500 by Inauguration Day, which really didn’t happen until Economic Stimulus Day. But it was also only a thousand points above the 5500 level predicted by a real financial planner I talked with during a holiday office thing. If things continue on this current path the Dow could be at 5500 by April Fools Day.
Times are serious, and it is time for the folks to get serious also, that I realized meant the pointing finger also had three pointing back at me.
Most of the economic news now uses the 1982 recession as sort of a benchmark for where we are now. In that light 1982 was a life-changing period in my life, which basically has led me to where I am today. Considering all that has happened since that time, in the transcendent eternal sense, I am one of the more wealthy people in the world. Materially and economically things really are not all that much different than back then, maybe even quantitatively below that recessionary level.
In about the middle of the wonderful year of 1982, my folder of job rejection letters reached the thickness of maybe an inch and a half. In the year and a few months since I had been somewhat forcibly removed from corporate America, the only real potential opportunities had come from Long Beach, California, and Houston, Texas, both on my bottom ten places to live in the United States.
The amazing thing is just a few months before my trip to the unemployment office; my cute, corporate headhunter had told me, that with my qualifications I was probably one of the top six candidates in the country in my field. That all changed when new President Ronald Reagan, basically shut down the EPA and put all the new federal hazardous waste regulations on hold.
That pile of rejection letters changed my life; in conjunction with a phone call I received from one business manager, who instead of sending me another rejection letter decided to give me a call. The call came from a sales manager of a copier sales company where I had applied for an entry-level sales position. At that time copier sales people were required to make at least forty external cold calls per day, as well as follow up on any other slim leads that may have been generated by some other means.
The reason that this manager decided to give me a call was because, as we determined, he had been in the class just before me at the Army Security Agency Officers Class at Ft. Devens, Massachusetts. He stated that he had taken that copier sales job (perhaps in the 1973-75 recession) and had just gotten to the point where he could relax a bit, and that there was no way he was ever going to hire anyone that might threaten that long sought security, which he could easily discern from my resume.
Read More...