Just read the review of this show: "In Darren Star’s latest series, the Sex and the City creator imagines an alternate universe where good intentions & accomplishing the bare minimum are enough."
The 1st line says that @shirklesxp , the author, speaks for her anxious generation.
She is saying that good intentions aren't enough for her & her generation & this show is basically a Bollywood version of the rampant poverty in India (Bollywood movies are escapism & fantasy for Indian poor) that a protagonist can live a carefree life, good intentions & be happy
But then to get to where we are, we must go back to Darren Star influential production on mainstream American culture, especially how women think about dating, fashion, and life: Sex & the City.
In that show, these women care more about designer clothes than growing up.
Despite in their thirties & highly educated, they run around the city searching for fashion trends, trendy people to meet & themselves or "men" or "Mr. Big" etc.
Carrie is likely the key reason many Millennials haven't grown up & anxious today in their mid thirties pushing 40s.
In that show & subsequent movies, she dates & commits to a man who basically treats her like she's trash, break up his marriage by having an affair, break up w/ a steady boyfriend, and etc etc. Meanwhile living in a flat that's beyond her pay grade. She makes few adult decisions.
She & her friends make the same mistakes over and over again in the movie & continue into their late thirties w/ few consequences. Still massively nice flats & plenty of fun. But that's a fantasy. In real life, Sarah Jessica Parker makes adult decisions (married w/ kid & career).
I bet many girls and young adults watched this show & tried to model their lives after her: moving to the Big Apple, buying designer shoes, dating around & experimenting as a benchmark for a successful life. But they find themselves struggling. Crappy flat, mediocre guys & career
But very likely they don't give up because let's be honest it took many seasons + several movies for her to be married so they do as she does making the same mistakes over and over again committing to the wrong guys (those that treat them like trash & trashing those that don't).
If they feel sad, why not go shopping for an expensive pair of shoes or bags to make you feel like a princess & "worth it". The reason why this show Emily in Paris is a fantasy for millennials is because of shows like Sexy in the City that helped millennials make poor decisions.
We extend our adolescent like the shows on TV thinking that's real life & that an aspirational life (fictional of course like that 90210 show).
We don't commit to anything & have nothing to show for it punching our thirties and into forties & anxious.
We could be like Emily.
Living a carefree with great intentions & one that aims to just accomplish enough is achievable & shouldn't be looked at cynically.
We don't achieve those goals for many reasons that are both systemic and due to poor personal choices thanks to Darren Star.
Read my pinned tweet
People say, well, what does this have anything to do with economics?
Don't you know that human psychology leads to human behavior & actions & that's what economics is?
The genesis of our poor financial decision is POPULAR CULTURE THAT GLORIFY POOR DECISIONS like Sex & the City.
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Have you ever hung out at central bank websites? I highly recommend it & some are more fun than others. Defo got more useful information than Twitter and even research reports.
Was reading this paper on inflation forecasting, the Indian experience.
Anyway, why inflation? I think inflation is like the holy grail of economic data. It tells you basically almost everything you need to know about the economy.
The weight of food, shelter, energy, healthcare (essentials vs discretionary) & how the costs of those things change.
Other than weights (developing economies tend to have more food), u can know about culture, weather patterns, distribution network etc. Culture shows up in seasonal pattern. Weather shows up in food prices. Distribution network shows up when got plenty of supply but prices rise.
First, if u have a financial adviser that tells you a bunch of stuff without discussion with you the following:
a) Opportunity costs of time & money, as in interest rates
b) You ability to manage your debt
BUT emphasize your getting more debt then u should be very very waried!
This article reflects everything that is wrong about our American culture that promotes you getting more debt! Buying more things!!! (This time a house you may not afford). No where does it say, buy a house when you can afford it.
Good morning! Shall I cheer you up with some good news? I mean, who is tired of Trump & Biden outrage blah blah? 🙋🏻♀️.
Let's talk about where we are: We are here! Turning the corner from horrible Q2 and growing again (okay, let's temper this a bit as Q4 looks dicey for Europe)!💃🏻
India is going from zero to hero again!!! Manufacturing PMI bouncing back but the bad news is that services still in contraction & services > manufacturing for India.
Still, hope springs eternal!
This is China manufacturing PMI. It's like totally flat-lining at expansion but not too fast at 51.5 in the latest September print.
All these stories have one thing in common: these people are in the early or late thirties but unmarried/uncoupled, alone, paying rent & living alone in a city & so when the pandemic came the allure of the city disappears & only costs show up. Nothing wrong about coming home but
These adults represent the trends we see about millennials (older millennials shall I say) & that we treat our thirties like our twenties, prolonging life-long choices such as finding a life partner, a career to stick around & also investing in the future beyond the short-term.
All choices have costs. If they are lucky, parents live close to the city & nice & they get along with & basically providing the nuclear family that they should already be creating on their own. I wonder if going home helps them realize that they have to make adult choices soon.
Reading about pension systems in Asia & it makes me wonder if people in general understand that life isn't linear but clearly terminal. As in it looks something like the below chart & whether we go into the sunset gracefully depends on how we spend our youth (or not spend).
Or like this. In my mid thirties so I should be in my peak saving mode & even more so in the next decades.
Wonder if high school students are taught this. We all will get old & can't work forever (or work in a different way that is less taxing on the body) so have to prepare.
Of course what I'm talking about is an individual level. Pension systems are a systemic way to deal w/ aging. Anyway, interesting stuff. US social security is something that we don't have in most of Asia (systemic saving & spending to help elderly Americans irrespective of income