<font color='black' size='2' face='Arial, Helvetica, sans-serif'> <div>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.  </div> <div> </div> <div>Wim </div> <div></div> <div style="clear: both;"> <div> </div> </div> <div></div> <div></div> <div style="color: black; font-family: arial,helvetica; font-size: 10pt;">-----Original Message-----<br> From: David Love <davidlovepianos@comcast.net><br> To: pianotech <pianotech@ptg.org><br> Sent: Sun, Nov 25, 2012 6:13 pm<br> Subject: Re: [pianotech] Sandy's impact on our business<br> <br> <div id="AOLMsgPart_1_eff36e47-27de-4079-a940-8f1afcaa62c0"> <div class="WordSection1"> <div class="MsoNormal"><span style="font-family: ; font-size: 11pt;">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.  </span></div> <div class="MsoNormal"><span style="font-family: ; font-size: 11pt;"> </span></div> <div class="MsoNormal"><span style="font-family: ; font-size: 11pt;">David Love</span></div> <div class="MsoNormal"><span style="font-family: ; font-size: 11pt;"><a href="http://www.davidlovepianos.com" target="_blank">www.davidlovepianos.com</a></span></div> <div class="MsoNormal"><span style="font-family: ; font-size: 11pt;"> </span></div> <div style="border-width: 1pt medium medium; border-style: solid none none; border-color: rgb(181, 196, 223) currentColor currentColor; padding: 3pt 0in 0in;"> <div class="MsoNormal"><b><span style="font-family: ; font-size: 10pt;">From:</span></b><span style="font-family: ; font-size: 10pt;"> <a href="mailto:pianotech-bounces@ptg.org">pianotech-bounces@ptg.org</a> [<a href="mailto:pianotech-bounces@ptg.org?">mailto:pianotech-bounces@ptg.org</a>] <b>On Behalf Of </b><a href="mailto:tnrwim@aol.com">tnrwim@aol.com</a><br> <b>Sent:</b> Sunday, November 25, 2012 7:01 PM<br> <b>To:</b> <a href="mailto:pianotech@ptg.org">pianotech@ptg.org</a><br> <b>Subject:</b> Re: [pianotech] Sandy's impact on our business</span></div> </div> <div class="MsoNormal"> </div> <div> <div class="MsoNormal"><span style="font-family: ; font-size: 10pt;">Susan</span></div> </div> <div> <div class="MsoNormal"><span style="font-family: ; font-size: 10pt;"> </span></div> </div> <div> <div class="MsoNormal"><span style="font-family: ; font-size: 10pt;">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. </span></div> </div> <div> <div class="MsoNormal"><span style="font-family: ; font-size: 10pt;"> </span></div> </div> <div> <div class="MsoNormal"><span style="font-family: ; font-size: 10pt;">"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."</span></div> </div> <div> <div class="MsoNormal"><span style="font-family: ; font-size: 10pt;"> </span></div> </div> <div> <div class="MsoNormal"><span style="font-family: ; font-size: 10pt;">Wim </span></div> </div> <div> <div class="MsoNormal"><span style="font-family: ; font-size: 10pt;"> </span></div> </div> </div> </div>  </div> </font>