RECESSION.
It's nothing new to hear that America is now on the brink of an economic recession. Sometimes, living in NYC...it's hard to believe it. We're still a bunch of vain consumerists here. (I too am guilty.) But I was walking down Broadway in Soho this past week and I was pretty amazed at what I saw. There were street vendors on the sidewalk selling what amounts to garbage: Old clothes, half broken phones, VCRs, old RC cars, etc...you know, basically trash. That's not anything new on lower Broadway in NYC. But what WAS different was the HUNDREDS of people clammering to get a piece of it! I actually walked into the crowd to see what these guys were selling and I couldn't believe my eyes. I felt like someone transported me to the 1950's. I really felt like I was in a recession...or a depression right then and there. Obviously this was one isolated incident, but I also don't think it was a fluke either. Better start stuffing your mattresses. I think America is headed for some dark times.
アメリカは今、不況の瀬戸際にあります。ただ、ニューヨークに住んでいるとそれを時々忘れてしまいます。みんな、まだ愚かな消費者です。(僕もその中のひとり。)先週ソーホーのブロードウェイ通りを歩いていたら、オカシイ光景を見ました。歩道で露天商たちがガラクタを売っていました:古着、壊れかけた電話、ビデオレコーダー、昔のラジコンカー、などなど。。。ほとんどがゴミのようなもの。それはニューヨークのローアー・ブロードウェイではよく見る光景なんですが、何がすごいかというと、そのガラクタに何百人も群がっていたのです!あまりにもすごいかったので、その人ごみの中に入りましたが、目を疑う様な物を売っていました。まるで1950年代にタイムスリップしたようでした。しみじみと不況。。。いや、大恐慌のように感じました。その時はたった一回の出来事でしたがまぐれではないと思います。今から買いだめしないと。アメリカの景気の雲行きが怪しいです。

6 Comments:
Hi from Spain.
Be sure that those dark times are not goint to be suffered only in the US.
If the country that it supposed to be the most "powerfull" country in the world goes in a economical crisis all the world will follow it.
For example, when the problem of the loans or mortgages happened(i don't know if its the correct word) all european media worried.
And when the petrol price increases we also suffer it, of course.
So, these times sure are going to be hard for all. I'm still at university but i realise that i will have to work very hard to "survive"
Byez
pd: sorry, but my english is not very good :)
Unfortunately Europe will be right along with you man... will be a rough road until peak oil hits between now and 2010 and then things will get really interesting..
I did not even have to read the post to know what I was looking at. I office at 455 Broadway (above MUJI), and this weekly 'event' is held in front of the empty storefront next door. I am sure the recently opened MUJI is loving the small traders outpost on the sidewalk out front. It truly is a very surreal experience and you've done an excellent job describing it.
- Robby Wells
I think Jeff, you're losing if you think a mass of people buying worthless crap from street vendors on Broadway signifies a recession. Probably just a bunch of tourists at once. I go to NYC and visit Reed Space among other stores reasonably exclusive to NY or some other place I don't live. Other people buy crap on like Broadway in Soho or at 28th st or hit up Canal st., just their steez. Wack as it may be...
I've seen it too. We def have been on a downward spiral for a while quiet as kept (James Cramer's article in NY Mag in 2002 touched off on points never addressed - http://nymag.com/nymetro/news/bizfinance/columns/bottomline/n_7809/).
And I think you meant the 1930s (Depression Era). The 1950s were actually a period of growth for the most part.
for a well traveled guy, you sound like you live in a bubble, and are taking liberties with the limited influence you have.
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