you know nowadays all you see when you open a newspaper or the internet is what i call "recession blues" . the stock markets dive faster than jacques cousteau, banks keep reducing LTVs ,upping interest rates n changing policies faster than hugo chavez in venezuela!
depression is becoming everybody's middle name and im sure my babys first words will be "costcutting" when i attempt to power him/her with baking powder to save buying baby powder!!
most ppl in most other countries experience the same sort of symptoms but here in the ME we see varying reactions from different parts of society.
one main issue we had here in dubai were the soaring rents n std of living - inflation did not just rise it galloped like the famed arabian horses :)
well inflation has been forced to never before seen single digit figs and rents have been spiralling downwards and u can literally buy a stock with a 1 aed coin on the dubai finance mkt :)
altho i do see some serious attempts at cost cutting - many of the oil filled locals here started driving their lexuses instead of their porsches, buying lancome instead of elizabeth arden, gap instead of gucci..sigh how they do try..
so what must happen is that the savior of the world depends on increased spending by common ppl..that makes a shopaholic like me even more determined.
Obama may have his TARP pgm so I made my own TARP (To go forth and Aid Retailing countries Program) and in inaugral of which i just out post work yday and bought the following :-
1. 1 guerlain eyeliner
2. 1 mascara whose only redeeming option is to make my eyelashes look like long streaming curtains as seen in movies circa 1960
3. cleanser and toner (to add to the pileup of bottles already existing on my dressing table)
4. perfume coz i didnt want the perfume industry to shut down
5.shampoo and conditioner coz good looking hair gives me (and probably the general populace of dubai) the courage to facedown the recessionary blues
6.then i decided that we must support developing superpowers like china so i bought hakka noodles, sweet n sour sauce n soy sauce to make a chinese dinner
7. but then i tot i must be patriotic n save the indian economy first so went out n got samosas and dumped the noodles in the kitchen cabinet (ill save china over the weekend)
my husband came to meet me at the mini mall and liften an eyebrow when he saw my bags..but hes been trained from experience not to react and with a show of non chalance lifted my bags n walked me to the car..one word cud have got him karatechopped like the Chinese cabbage i bought!
so off i went off home after saving south asia and parts of france...sigh being superwoman is tough after a loong day at work..but someones gotta do the dirty work!