Illustration by Spashlight; Photograph by Angela Jimenez for The New York Times
My search for a new wealth creation plan post-financial-bun-fight continues and I think that I may have just hit upon the winner.
The financial benefits of my earlier suggestions (including commandeering an oil-laden tanker, and encouraging our friends and loved ones to become Jehovah's Witnesses in order to save on birthday presents) pale in comparison to today's sterling example of entrepreneurship: become a psychic and give financial advice!
The New York Times interviewed one poor dear chappy (a Mr Taccetta, stock trader) who is reported as saying “when conditions are this volatile, consulting a psychic can be as good a strategy as any other.”
Mercy! On this logic standing half way across a bridge wearing plimsolls and facing north-east while throwing bundles of dollar bills to the evening wind is a good strategy.
I've been so black hat about the financial crisis, harping on about despairing brokers and suggesting we spend our freshly minted unemployment watching re-runs of Twin Peaks and stealing things off the visually impaired (sound the moral bankruptcy alarm!).
But now I'm switching to my yellow hat because fabulous new growth areas, with 'practitioners' eager and willing to help part fools from their money, are starting to appear.
These are happy business days for psychics, astrologers, people who channel spirits and those who read palms. Due to high demand, some psychics have been able to charge up to $1,000 an hour for 'insights'. Give me a thousand bucks and I'll give you an insight, any insight you like.
The NYT reports a psychic in LA is charging $70 for moss-scented candles, available on her website. I'm not entirely clear what a moss-scented candle would do, but if I felt like standing on that bridge wearing plimsolls flinging money etc I'd be happy to let you know how it goes.
I see great things for these industries. See, I have the gift.