Just finished watching a segment on the PBS Lehrer News Hour that interviewed people who were touched by the economic downturn. “Downturn? This wasn’t a downtown, it was a cliff!” remarked a person in the recycling business, speaking of the abrupt collapse of their industry in mid-September 2008.
Rarely do I get personal here, but honestly, I felt the rug came out from under me in mid-September. However, at the time I thought I was the only one feeling that way. I see now I was wrong, that many industries screeched to a halt right about then. It started, I guess, with the collapse of Lehman Brothers. All that has ensued since then is just reverberations from the tumble off that “cliff”, as the SA Recycling spokesperson put it.
I was in the process of moving from one city to another, essentially disrupting my business and personal life at the end of September, to restart it again in October in a different place. What a “different place” it turned out to be! Two banks that I do business with nearly went under then — Wachovia and Washington Mutual. And I thought the sense of a total collapse was just mine and related to my move. I’m wondering how many others experienced that same September jolt. Did you?