Meltdowns and Coffee Breaks |
October 14, 2008 |
When something as dramatic as the world economy teetering on th brink of a long-term recession - never mind a near implosion of the entire financial system - there's a perverse sense of pleasure to knowing that you understand What's Gone Wrong. How It Came To This. Or even Whose Fault Is It. It makes the huge amount of money you spent on a financial education worth it for a brief moment of self-indulgent "I actually get this" internal bragging.
Sort of like being an explosives specialist in the middle of a detonation.
It's a really brief moment of cool.
At work, I'm surrounded by French people. That's because I live in France and work in a French company and I'm a nanostep from being French myself (not quite as nano as Monaco, but pretty nano nonetheless).
And the thing with being in the middle of a group of French people is that one of them, somewhere in their midst, is going to be a true Socialist in the religious sense of the term. The others are remarkably stable for a country whose unions can bring the entire party to a standstill - and do, several times a year.
The True Socialist I have in mind came out with a good one lately. He didn't want the banks saved.
Around the coffee machine (French version of a water cooler) I tried to point out that that's like not wanting one of your own lungs saved, but he wasn't having any of it. Part of the exchange went something like this.
"But your mortgage will go up."
"Don't have one", he said.
"But your savings are at risk", I countered.
"Guaranteed by the French State", he gloated.
"But the value of your house will go down as spending power is depleted", I tried.
"Only matters if you intend to sell". He was practically giggling by now.
"But we'll enter into a worldwide recession, France will not be spared!", I exclaimed.
"Prices have been too high for a while."
Would nothing shake him?
Meltdowns and Coffee Breaks |
When something as dramatic as the world economy teetering on th brink of a long-term recession - never mind a near implosion of the entire financial system - there's a perverse sense of pleasure to knowing that you understand What's Gone Wrong. How It Came To This. Or even Whose Fault Is It. It makes the huge amount of money you spent on a financial education worth it for a brief moment of self-indulgent "I actually get this" internal bragging.
Sort of like being an explosives specialist in the middle of a detonation.
It's a really brief moment of cool.
At work, I'm surrounded by French people. That's because I live in France and work in a French company and I'm a nanostep from being French myself (not quite as nano as Monaco, but pretty nano nonetheless).
And the thing with being in the middle of a group of French people is that one of them, somewhere in their midst, is going to be a true Socialist in the religious sense of the term. The others are remarkably stable for a country whose unions can bring the entire party to a standstill - and do, several times a year.
The True Socialist I have in mind came out with a good one lately. He didn't want the banks saved.
Qround the coffee machine (French version of a water cooler) I tried to point out that that's like not wanting one of your own lungs saved, but he wasn't having any of it. Part of the exchange went something like this.
"But your mortgage will go up."
"Don't have one", he said.
"But your savings are at risk", I countered.
"Guaranteed by the French State", he gloated.
"But the value of your house will go down as spending power is depleted", I tried.
"Only matters if you intend to sell". He was practically giggling by now.
"But we'll enter into a worldwide recession, France will not be spared!", I exclaimed.
"Prices have been too high for a while."
Would nothing shake him?
A decade (or more) of resentment at smart people making a lot of money while not actually making anything had built up resentment in him to a point where watching them crash and burn was actually a source of pleasure for him.
It was only when I pointed out that salaried bankers in France benefit from the same employment protection as he does that his smile turned slightly sour.
Meltdowns and Coffee Breaks |
When something as dramatic as the world economy teetering on th brink of a long-term recession - never mind a near implosion of the entire financial system - there's a perverse sense of pleasure to knowing that you understand What's Gone Wrong. How It Came To This. Or even Whose Fault Is It. It makes the huge amount of money you spent on a financial education worth it for a brief moment of self-indulgent "I actually get this" internal bragging.
Sort of like being an explosives specialist in the middle of a detonation.
It's a really brief moment of cool.
At work, I'm surrounded by French people. That's because I live in France and work in a French company and I'm a nanostep from being French myself (not quite as nano as Monaco, but pretty nano nonetheless).
And the thing with being in the middle of a group of French people is that one of them, somewhere in their midst, is going to be a true Socialist in the religious sense of the term. The others are remarkably stable for a country whose unions can bring the entire party to a standstill - and do, several times a year.
The True Socialist I have in mind came out with a good one lately. He didn't want the banks saved.
Qround the coffee machine (French version of a water cooler) I tried to point out that that's like not wanting one of your own lungs saved, but he wasn't having any of it. Part of the exchange went something like this.
"But your mortgage will go up."
"Don't have one", he said.
"But your savings are at risk", I countered.
"Guaranteed by the French State", he gloated.
"But the value of your house will go down as spending power is depleted", I tried.
"Only matters if you intend to sell". He was practically giggling by now.
"But we'll enter into a worldwide recession, France will not be spared!", I exclaimed.
"Prices have been too high for a while."
Would nothing shake him?
A decade (or more) of resentment at smart people making a lot of money while not actually making anything had built up resentment in him to a point where watching them crash and burn was actually a source of pleasure for him.
It was only when I pointed out that salaried bankers in France benefit from the same employment protection as he does that his smile turned slightly sour.
Meltdowns and Coffee Breaks |
When something as dramatic as the world economy teetering on th brink of a long-term recession - never mind a near implosion of the entire financial system - there's a perverse sense of pleasure to knowing that you understand What's Gone Wrong. How It Came To This. Or even Whose Fault Is It. It makes the huge amount of money you spent on a financial education worth it for a brief moment of self-indulgent "I actually get this" internal bragging.
Sort of like being an explosives specialist in the middle of a detonation.
It's a really brief moment of cool.
At work, I'm surrounded by French people. That's because I live in France and work in a French company and I'm a nanostep from being French myself (not quite as nano as Monaco, but pretty nano nonetheless).
And the thing with being in the middle of a group of French people is that one of them, somewhere in their midst, is going to be a true Socialist in the religious sense of the term. The others are remarkably stable for a country whose unions can bring the entire party to a standstill - and do, several times a year.
The True Socialist I have in mind came out with a good one lately. He didn't want the banks saved.
Qround the coffee machine (French version of a water cooler) I tried to point out that that's like not wanting one of your own lungs saved, but he wasn't having any of it. Part of the exchange went something like this.
"But your mortgage will go up."
"Don't have one", he said.
"But your savings are at risk", I countered.
"Guaranteed by the French State", he gloated.
"But the value of your house will go down as spending power is depleted", I tried.
"Only matters if you intend to sell". He was practically giggling by now.
"But we'll enter into a worldwide recession, France will not be spared!", I exclaimed.
"Prices have been too high for a while."
Would nothing shake him?
A decade (or more) of resentment at smart people making a lot of money while not actually making anything had built up resentment in him to a point where watching them crash and burn was actually a source of pleasure for him.
It was only when I pointed out that salaried bankers in France benefit from the same employment protection as he does that his smile turned slightly sour.
Meltdowns and Coffee Breaks |
When something as dramatic as the world economy teetering on th brink of a long-term recession - never mind a near implosion of the entire financial system - there's a perverse sense of pleasure to knowing that you understand What's Gone Wrong. How It Came To This. Or even Whose Fault Is It. It makes the huge amount of money you spent on a financial education worth it for a brief moment of self-indulgent "I actually get this" internal bragging.
Sort of like being an explosives specialist in the middle of a detonation.
It's a really brief moment of cool.
At work, I'm surrounded by French people. That's because I live in France and work in a French company and I'm a nanostep from being French myself (not quite as nano as Monaco, but pretty nano nonetheless).
And the thing with being in the middle of a group of French people is that one of them, somewhere in their midst, is going to be a true Socialist in the religious sense of the term. The others are remarkably stable for a country whose unions can bring the entire party to a standstill - and do, several times a year.
The True Socialist I have in mind came out with a good one lately. He didn't want the banks saved.
Qround the coffee machine (French version of a water cooler) I tried to point out that that's like not wanting one of your own lungs saved, but he wasn't having any of it. Part of the exchange went something like this.
"But your mortgage will go up."
"Don't have one", he said.
"But your savings are at risk", I countered.
"Guaranteed by the French State", he gloated.
"But the value of your house will go down as spending power is depleted", I tried.
"Only matters if you intend to sell". He was practically giggling by now.
"But we'll enter into a worldwide recession, France will not be spared!", I exclaimed.
"Prices have been too high for a while."
Would nothing shake him?
A decade (or more) of resentment at smart people making a lot of money while not actually making anything had built up resentment in him to a point where watching them crash and burn was actually a source of pleasure for him.
It was only when I pointed out that salaried bankers in France benefit from the same employment protection as he does that his smile turned slightly sour.
Meltdowns and Coffee Breaks |
When something as dramatic as the world economy teetering on the brink of a long-term recession - never mind a near implosion of the entire financial system - there's a perverse sense of pleasure to knowing that you understand What's Gone Wrong. How It Came To This. Or even Whose Fault Is It. It makes the huge amount of money you spent on a financial education worth it for a brief moment of self-indulgent "I actually get this" internal bragging.
Sort of like being an explosives specialist in the middle of a detonation.
It's a really brief moment of cool.
At work, I'm surrounded by French people. That's because I live in France and work in a French company and I'm a nanostep from being French myself (not quite as nano as Monaco, but pretty nano nonetheless).
And the thing with being in the middle of a group of French people is that one of them, somewhere in their midst, is going to be a true Socialist in the religious sense of the term. The others are remarkably stable for a country whose unions can bring the entire party to a standstill - and do, several times a year.
The True Socialist I have in mind came out with a good one lately. He didn't want the banks saved.
Qround the coffee machine (French version of a water cooler) I tried to point out that that's like not wanting one of your own lungs saved, but he wasn't having any of it. Part of the exchange went something like this.
"But your mortgage will go up."
"Don't have one", he said.
"But your savings are at risk", I countered.
"Guaranteed by the French State", he gloated.
"But the value of your house will go down as spending power is depleted", I tried.
"Only matters if you intend to sell". He was practically giggling by now.
"But we'll enter into a worldwide recession, France will not be spared!", I exclaimed.
"Prices have been too high for a while."
Would nothing shake him?
A decade (or more) of resentment at smart people making a lot of money while not actually making anything had built up resentment in him to a point where watching them crash and burn was actually a source of pleasure for him.
It was only when I pointed out that salaried bankers in France benefit from the same employment protection as he does that his smile turned slightly sour.