Tuesday, November 27, 2007

The next "big thing" and the next anti-"big thing"

So first it was the dot com crash - everyone saw that coming right? Well they should have done - people were predicting it for years. My friend the Tin Man started bugging me about it before most even realized the dot com era was here, let alone on its way out. There was never really any "if" about it, it was just a question of when the merry-go-round would stop sending everyone flying off into economic disarray.

Then there was 9/11. Of course most of us never saw the planes coming, either actually or metaphorically (apparently the CIA/FBI/NSA and Bush government did the latter), but some of us wondered just how long the government could keep the FUD masquerade up. They made it easier by pumping over a $1,000,000,000,000 of borrowed cash into the national economy while simultaneously pulling cash out of the local economies. It was kind of like sitting in foamy bath tub of bubbles with air coming in an bubbles getting bigger and fewer, rising over our head, popping here and there, their connections getting more and more strung out (like local economies and our bank balances) until we are all sitting under this single tenuous shiny impossibly thin veil of something not quite sure of what is holding the bubble up there. Then one day along comes a butterfly called "sub-prime" that flaps its wings and brings it all crashing down. Pooh - no more bubble and we're sitting cold, wet and alone in the tube crying for mother to bring us a warm blankey.

There, there, America, Mama will keep baby cosy and warm, Ooooh Babe Ooooh Babe Ooooh Babe, Of course Mama's gonna help build the wall...

So I ask you - what will be the next big thing and what will be next anti-"big thing" to bring it all crashing down. I mean I'm only 40 and I've already experienced a whole bunch of these - oil crisis, 1987 stock market crash, dot com crash, and now the sub-prime implosion (it's an implosion because Uncle Sam doesn't like to talk about banks crashing any more).

Be my guest - post your best guesses as a comment and let's see who gets it right!