This is Normand's Typepad Profile.
Join Typepad and start following Normand's activity
Normand
Recent Activity
What would happen if there was 13% unemployment in one part of the country and much less in Texas?
If the economy was left alone, so it could solve the problem by itself, the extra (unemployed) manpower would move to Texas (or try to create jobs in their own state) instead of waiting for government to subsidize the unemployed. Subsidizing individuals for too long of a time is probably not a better idea than subsidizing businesses for too long of a time.
Commented Apr 20, 2009 on Municipals Downgraded at The Market Perspective
Municipals Downgraded
Sunday April 19, 2009 Business Week reports that on April 2 Moody's slapped a negative outlook on all 52,000 cities, counties, and school districts that make up the muni market. "Few if any local governments well be entirely immune to the widespread economic downturn." Moody's adds that ...
Subscribe to Normand’s Recent Activity