As a scholar working in an abstruse subject I live a life largely divorced from what concerns most people. We have no newspaper subscription. I really don’t have much of a clue. But I am aware of the poor state of the world economy. Now, how has it affected me so far?
The only effect of the financial crisis on my life that I am aware of is that the mortgage my wife and I took out in December is absurdly cheap. We currently pay less per month to live in a 114 sqm house than we did last year to live in a 80 sqm apartment.
In the long run, it seems the crisis will have both good and bad effects for me. On one hand, the foundations that fund my research are likely to have less money than usual to dole out over the following years. On the other hand, the slump will prompt the government to invest in roads and railroads, which will create archaeological job opportunities, and it will lead to unemployment in other sectors, which will prompt the government to invest in the university system to keep the kids off the streets, which will create further job opportunities for scholars in abstruse subjects.
So I’m not really bothered by the global financial crisis.
What about you, Dear Reader? How has the crisis affected your life so far? And what effects do you foresee?