Save a buck in New York City.
We don't watch the stock market all the time, but today it's worth noting: The Dow's approaching its lowest level in a decade.
The New York Times report is a series of punches to the gut — anxiety over the Treasury's plan to save the banks, plunging global trade, speculation that the IMF will have offer a new round of loans to Hungary and Ukraine. The only Dow stock on the plus side today is Wal-Mart.
With so much bad news piling up, a lot of people are bouncing around worst-case scenarios: peak oil, peak soil, the end of the entire world and or at least the city.
I spent the weekend bumming around New York City with my family, looking at sale signs (but not shopping much) and talking a lot about how to get through the recession. I dunno about you, but I'm telling myself that a city's not so bad for riding out a recession. Sure, we could use more space for growing food, but for that we've got the abandoned suburbs.
Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.