The trouble with all this recession hysteria is that there are always more than one way to look at a situation and the meeja (in the UK anyway) can only look at it one way. Instead of beating breasts and howling about how bad things we need to concentrate on the positives.
I still say that we are in a market economy and what markets do is stabilise. Prices go up and down. The housing markets in UK and US were overheated and our respective economies were over-reliant on property inflation (which is a form of pyramid selling). It was clearly a bubble and bubbles burst. Against everyone’s advice (“no no no”, I was told, “never come off the ladder, even if you are unemployed. Its the worst thing you can do”) I sold my house in March 2007 because I thought it was saturated and I was right. I’m no genius; if I can see it coming why can’t the experts. So house prices are stabilising. Big deal. That’s not necessarily bad. It means they start to become affordable again for people who were being priced out. I tried to listen to a programme on Radio 4 about house prices last night but it was hopelessly skewed to the point of view of investment buyers (who bought to let and have seen the prices of their investment drop). This is a market. Markets have buyers and sellers. What is bad for one is usually good for the other. The meeja is full of doom and gloom. This week the Dreadful Jeremy Vine on Radio 2 hosted a show about how people could make ends meet during this coming Winter, but there isn’t any reason to assume people will have a dreadful Christmas. People actually have more money in their pockets. Interest rates have dropped. My mortgage has dropped over a hundred a month since I took it on three months ago. Obviously if jobs go then it becomes different and here is the rub: If you actually believe there is a problem, even where none exists, then it will become a problem.
Problems were exacerbated by a temporary hike in the oil price. Crude hit a record high mid year but has dropped by nearly half since then. It was hysteria when it went up (little old ladies were predicted to die of hypothermia in their millions) but the drop has gone unremarked. It was a blip. Though it is a blip that will come back. Increasingly. This is the sound that the oil makes as it starts to run out. We’ve had a frantic cheap oil and gas fuelled consumer boom in the last 40 years but it is largely over. We can’t expect to live the same lifestyles we have been doing; we can’t heat our houses to thirty degrees in Winter and run around in our underwear. I’m old enough to remember life before central heating and cheap North Sea gas and can therefore deal with life after it as well.
Charity shop bargain at £2.45
Instead of whining about fuel bills I am going to manage the situation so despite the winter weather my heating is mainly OFF. I only have it on in the living room if at all, not on a timer, only when I’m in and only at a low level; its cardies and slippers time. Bedroom’s cold but I prefer that; and I stick a hot water bottle in the bed which takes the chill off the sheet. Bathroom’s cold which is a bother but its madness to heat a whole room just for the few seconds between undressing and getting into the shower and which is the sort of self-indulgence that everyone is going to have to forgo. I’m checking the meter every week and I know exactly how much my bill is so far and British Gas is not going to make record profits out of me! Oil prices are just going to get higher; they cannot possibly go any other way and we should treat this as an opportunity to start managing the situation.
I picked up a great gadget yesterday in a Jarrity shop for all of £2.45. Its a sixties/seventies pump action vacuum flask. This is an old money saving trick: Fill it with boiling water in the morning (it takes 2.5 litres) and you have hot water on tap for coffee or washing a couple of dishes during the day. The point is that it takes a lot of water and gas to get the hot tap running hot which is expensive just to wash a few cups or plates. This gadget seems to work really well and the water stays hot all day. Moreover if you want a quick cuppa then you don’t have to wait for the kettle to boil – just push the button on top and out comes lovely hot water.
The only thing is I think this item is from the sixties or seventies and is not only un-used but still in its original box and I suspect it might be of more value to a retro collector. I’m gonna try this for a week or so and if it works I might buy a modern one and see if I can flog this. If it is collectible, then it would be a shame to put it to hard labour. (more…)
We are all familiar with the idea that the country is being taken over by Poles (apparently they are all buggering off back because of the recession and the weather – quite right too; they work too hard and show us all up). What we have noticed is the increase in Polish sections of the supermarket selling lots of funny sausages and beetroot (we HAVE these things already). But here is an oddity I spotted in a local supermarket. This is only a small Budgens in the small village of Bromham, not a London supermarket which is what it makes it all the more strange: A South African shelf. I was tempted but what put me off comes from the fact that I have to read the ingredients of everything I buy to make sure there is no cow juice. All of these products are pretty rich in not just milk but a whole lot of other things as well. I was sore tempted to a packet of chocolate ProNutro, up upon which I grew. But the list of ingredients took up most of the pack, it is loaded with powdered milk and it was more than five pound (about sixty rand). I’ll leave it the way it tastes in my memory.