[pianotech] Sandy's impact on our business

[Norman Cantrell]

Wim
Keep in mind that Economists tend to fall into one of two broad camps.  There are the fiscal conservatives (not to be confused with political conservatives) and fiscal moderates (not to be confused with political moderates).  You can think of them as looking at the economy from either the glass is half full or the glass is half empty.  Both make valid points and both are somewhat correct.  Just because someone is a professional in a particular field of endeavor by no means makes them right all the time. 
The same applies to studies of medicine, law and even piano technology.
Norman Cantrell

--- On Sun, 11/25/12, tnrwim at aol.com <tnrwim at aol.com> wrote:

From: tnrwim at aol.com <tnrwim at aol.com>
Subject: Re: [pianotech] Sandy's impact on our business
To: pianotech at ptg.org
Date: Sunday, November 25, 2012, 11:55 PM


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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