Living in the Tech Avalanche Generation

Strange title for a post huh! This post really isn’t anything to do with .NET per se it’s really just me needing to let off some steam about some of the nonsense that the current economic situation seems to be encouraging. This blog is strictly a technical one however it’s my only outlet to spout and I cant contain the urge any longer on this issue.

The stock market is one place that renders me sad and more so by the day. I check the ASX at the end of every day (something I have never done in my life) and although I have no personal stake in the market except for the portion of my superannuation (401K in the US I think) that is invested there. Each day I watch with horror as the index drops further and further, hopefully soon to find it’s bottom and then sit steady for a long while.

What saddens me? I feel sorry for all the investors who are selling to all the sharks that are buying up their stock and rubbing their hands with glee, these investors who are dumping their stocks are panicking as they try to stop their bleeding and have for one reason or another been scared into this position without seemingly knowing any better. Shame on the media for trying to make bucks out of this with sensationalism and over playing the situation. The Governor of the Reserve Bank (Australia’s) has even come out and said that we run the risk of talking ourselves into a recession which would be a sorry state of affairs. Again I cannot believe the culpability of the media and the politicians for talking up the negative and scaring people into panic, if  we create enough negative mental energy around the economy we will surely all begin to  behave in accordance with those negative thoughts (which has already happened) and the rest will undoubtedly follow. My families accountant of many years recently said this, “the science of economics is a study in the behaviour of sheep”, I am sad to say it looks like his cynicism was somewhat warranted.

So all you developers, put a breakpoint on that line of code, dig into that collection of coins your stockpiling in your desk drawer, get off your seat, go to your favourite coffee shop and put a few bucks back into the economy. Come on, do it NOW!