Friday turned out not to be the absolute disaster that everyone had predicted up until the open of the stock market. Still, just a couple of months ago, a 300 point drop would be seen as a crash. Today we work under different definitions. Still, the futures look pretty bad again today, so I guess the wreckage continues to pile up.
My sister left the city six weeks ago to campaign on behalf of Obama in the sticks of Western Missouri (a tough sell). It has been a familiar campaign refrain, not only 'are you better off today then you were 4 years ago', but 'are you better off today than you were 4 weeks ago'. As much as she can't wait to get home, I almost feel the need to warn her of the discernible shift in mood since she left.
I'll have more on the economy this week and I look forward to your thoughtful input.
"Trophy" Apartments Lose Appeal, Hit Market (NY Times)
On The Trail Of Architect Stanford White (NY Times)
Even Dubai Is Starting To Worry (Dow Jones)
Stuytown Finances Start To Get Downright Scary (Crain's)