The real feeling of being on a credit crunch

15 09 2008

Today started with a shock news of Lehman Bros filing for bankruptcy protection and Merril Lynch being sold to bank of America.

It was also shocking because I once applied for a developer role at Lehman Bros. The interview was a total disaster and I failed to get a job on investment banks in the end but my life still is working out fine.

That was also the time I took more attention to the world finances and I couldn’t really understand how they could produce so much money from imaginary “product” and where all that money was coming from…

The introducion became too long as I got writing, but what I felt today was the real impact of inflation.

I went to macdonalds to get an unhealthy dinner (because I felt like it) thinking a big m*c meal will set me back £3.29 as I was charged (probably) last month.

I was in utter shock to find that the medium big m*c meal now costs £3.80!!!

I am still in a shock.