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There are good reasons for this. Smartphones make you feel brainy, organized, empowered. The perfect tool for reasoning with that angry collection agent or redirecting your friends' negative tweets with a cool onscreen compass.
Of course, this is no ordinary slump. The Worst Financial Crisis since the Great Depression has spawned the Longest Postwar Recession and a Really, Really Bad Job Market. Even '80s-tested boomers look a little green above the collar.
So you might need more than a BlackBerry or iPhone to ward off the shadows of personal bankruptcy. Here are my picks for the four other must-haves of this Great Recession. Readers may quibble about what I've left out, but no reasonable person believes you should be without:
1) A personal bank regulator. I know, the FDIC was supposed to keep an eye on the banks. And the Obama administration will greatly simplify the oversight so we'll all be able to tell whether our bank is teetering on the brink or safely dipping into the TARP, the TAF, the TALF, and the TSLF. It's just that I'd like a second opinion. Finding a good regulator is quite hard these days because federal agencies are expanding, what with the SEC, CFTC, FHFA, FOMC, and proposed entities like the CFPA (Consumer Financial Protection Agency) looking to protect their turf. Personally, I'm looking to pick up someone cheap at the OTS (Office of Thrift Supervision) because under the new plan it's LTBT (Likely To Be Toast).
2) A Chrysler. Everybody's checking them out. With zero-percent financing and many dealerships set to close and anxious to sell , the deals are too good to be true. Chryslers are the credit cards of the post-crash era. No telling, though, if this bubble will end any better than the last one. (See Fiat - Corporate history.)
3) A newspaper. OK, this is counterintuitive. No one subscribes to dailies anymore and fewer companies are printing them (see The Christian Science Monitor - Weekly). This makes it the perfect time to scoop up timeless antiques at rock-bottom prices.
Don't balk. It's this kind of out-of-the-box thinking that will pull us out of the current financial mess and into the promised land, a place where we shoot iPhone video of each other hard at work and free, at last, from pay.
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