Archive for Economic Woes

My disappearance

Well, it has been nearly two months since my last post and I wanted to explain my disappearance.
I started with good intentions, to have some way to express my personal opinions and feelings, which are summarized here. After writing a few posts and being really excited as to what I had started, life happened. I’m [...]

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NY Governor Talks About Financial Crisis

The New York Times has an article covering Governor David Patterson’s live televised address to New Yorkers last night concerning a financial crisis that is afflicting New York.
Points of interest from the article:

The Governor called on citizens to “cut up our credit cards”.
Taxes collected on the 16 largest banks of New York fell an amazing [...]

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Worried Banks

The New York Times featured an interesting but alarming article today titled “Worried Banks Sharply Reduce Loans”.  The writer talks about how the current housing crisis has caused banks to shift gears and act overly cautious about lending in many different markets, even to those who are typically considered low risk.
This is something that I [...]

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