Any knowledeable insights in this group. Preferably some positive spin, if that's possible, among all this doom and gloom?
September 27, 2008. From NYT Business, p.7: http://tinyurl.com/3tnamz <http://tinyurl.com/3tnamz> Municipalities Also Find Credit Is Scarce Companies that issue bonds and short-term debt were largely shut out of the credit markets. But so were cities and counties that rely on short-term notes to pay for routine operations while waiting for tax revenues to arrive, leaving them to search for other financing. Among the $6 billion in new municipal debt issues anticipated at the beginning of the week, only about $100 million actually came to the market, and the rest was postponed (Excerpt from link above.) ================================================ >From tomorrow's NJ section, p. 1: http://tinyurl.com/4q2jbb <http://tinyurl.com/4q2jbb> September 28, 2008. Economy Tied to Wall Street, State Feels the Shock WHEN economic spasms convulsed Wall Street earlier this month, New Jersey also shook. Not with the relatively mild aftershocks felt elsewhere in America, where people worried about what the financial crisis would do to their retirement funds or their total net worth. In New Jersey the impact was immediate, and not just among the young stock market In the best case, New Jersey. He predicted .(Full text at link above.) "People fear they'll go from making a really great salary to flipping burgers. That's not what happens. It's not wholesale misery," he said. "That does not in any way minimize the real, wrenching economic pain many people will go through, for some period of time." [Non-text portions of this message have been removed] ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
