[pianotech] Sandy's impact on our business

[tnrwim at aol.com]

You can have you own personal opinions, but I'm sorry, I would rather take my economic advice from someone who actually knows something about economics. And I don't think any of us fit that description. The report was not written by a bunch of amateurs, but journalists working for Bloomberg News, a highly respected financial outfit.  

Wim 


 



-----Original Message-----
From: David Love <davidlovepianos at comcast.net>
To: pianotech <pianotech at ptg.org>
Sent: Sun, Nov 25, 2012 6:13 pm
Subject: Re: [pianotech] Sandy's impact on our business



Not quite so simple.  While there will be a boost in construction related industries in the rebuilding of that area, remember that there are a large group of people out of work, not collection paychecks, not paying taxes and who are receiving government assistance during their time of need.   Some of those situations may drag on for years.   When added all together, the overall economic impact is generally a negative, not a positive, as it was with Katrina.  
 
David Love
www.davidlovepianos.com
 

From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of tnrwim at aol.com
Sent: Sunday, November 25, 2012 7:01 PM
To: pianotech at ptg.org
Subject: Re: [pianotech] Sandy's impact on our business

 

Susan

 

Neither of us are economist, by a long shot, so I can't defend your point of view. All I can go by is what economists say. 

 

"Reconstruction and related purchases and hiring may range from $140 billion to $240 billion and increase U.S. economic growth by 0.5 percentage point next year, assuming $50 billion in losses, according to Economic Outlook Group LLC, a Princeton, New Jersey-based forecasting firm."

 

Wim 

 

 
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