NYC Recession Turning Out Better Than Expected
“The gathering consensus is that the recession is nearly over in the city and, largely because of the enormous amount of federal aid poured into the big banks, the toll on New York will be much less severe than most had feared. Not only will the job losses in the city fall far short of…
“The gathering consensus is that the recession is nearly over in the city and, largely because of the enormous amount of federal aid poured into the big banks, the toll on New York will be much less severe than most had feared. Not only will the job losses in the city fall far short of the recession that wracked the metropolitan area in the early 1990s, economists and analysts say they will also not measure up to the losses in the shorter, shallower recession that surrounded the 9/11 attacks.”
— NY Times
Change! Change has arrived. Would you like your change in dimes or pennies?
Yay so this means all these old falling down dumps in my neighborhood will climb back up from 700K to the 1.5 MIl they appraised for 3 years ago and I will be rich I tell you. Rich! When will they start handing out those no-doc down pmt free interest-only loans again so we can sell at even the current prices which are still crazy? Buy now or be priced out forever, right? A good friend in South Florida who paid 850K for his condo that just appraised for 90K will be so happy to hear that he will recoup his money in another year or two.
Yahoo News helpfully weighs in today with top 10 industries in decline:
1. Department stores: Projected to lose 10.2 percent of the 1.56 million jobs they had in 2008.
2. Semiconductor manufacturing: Projected to lose 33.7 percent of the 432,000 jobs it had in 2008.
3. Motor vehicle parts manufacturing: Projected to lose 18.6 percent of its 544,000 jobs.
4. Postal service: Projected to lose 13 percent of the 748,000 jobs it had in 2008.
5. Printing and related jobs: Projected to lose 16 percent of its 594,000 jobs.
6. Cut-and-sew apparel manufacturing: Projected to lose 57 percent of its 155,000 jobs.
7. Newspaper publishers: Projected to lose 24.8 percent of its 326,000 jobs.
8. Mining support jobs: Projected to lose 23.2 percent of its 328,000 jobs.
9. Gas stations: Projected to lose 8.9 percent of its 843,000 jobs.
10. Wired telecom: Projected to lose 11 percent of its 666,000 jobs.
And that could help the economy! (how exactly, I’m not sure.)
You know, if we had health care, it would be sooo much easier to stay home all day and comment on blogs!
OMG, I did not push the post button three times, there is something wrong with my computer.
I didn’t say during lunchtime.
***Bid half off peak comps***
Vanilla shakes are for wimps.
Reading comprehension, DIBS!!!
I said/implied because they serve rootbeer floats, they must make shakes which is what I like (specifically vanilla). I like rootbeer floats too but those are too easily made at home.
***Bid half off peak comps***