The 2009 San Jose Jazz Festival During The 2008 Great Recession

I attended the 2009 San Jose Jazz Festival. It was my first jazz festival. I went on Sat Aug 8 only. I stayed at the main stage most of the time. I was lucky I attended a good festival. I saw some of Black Joe Lewis, the entire Pete Escovedo Latin Jazz Orchestra, and the entire Allen Toussaint. Good memories.

The other memory was the timing. 2009 was a recession year because the real estate bubble burst resulting in the stock market crash in Sep 2008. People were out of work. People watched their spending. The world slowed down. However, all attendees, performers, and festival staff forgot about the recession on the weekend of Fri Aug 7-Sun Aug 9. The three days were a break. The three days were leisure. Adjust the budgets. Find some discretionary money for fun. People socialized, danced, sang, ate new foods, drank beer, drank wine, and experienced first time moments. Life went on. Life moved forward. The economy moved forward regardless of the pace.

I also attended the 2009 Monterey Jazz Festival. The Monterey experience was the same as the San Jose experience; although, I couldn't afford the additional fee to attend the main stage. A secondary memory was a video game demonstration for which I forgot the company. I visited a friend who lived in Monterey afterwards. We ate at a Japanese restaurant for dinner.

Update On A Past Blog

Artificial Intelligence has been in the headlines. AI reminded me of two past blogs. The first blog is *Pop* All Bubbles Burst written on Jan 15, 2006. I mentioned the Mar 2000 dot-com bubble burst. The stock market doesn't always go up. The AI stock market is in a bubble.

The second blog is Give It Time The Winners Remain Standing written on Mar 10, 2021. There were too many dot-com companies from 1997 to 2000. The dot-com winner companies are in business today. The dot-com loser companies went out of business. Likewise, there are too many AI companies. The AI winner companies stay in business. The AI loser companies are out of business. Time is the ultimate judge.