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Old 11-09-2001, 12:24 AM   #1
Unit 5302
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Join Date: May 1999
Posts: 5,246
Red face

Even the more difficult times are being felt here in the Minneapolis/St. Paul area. Rising unemployment and less available jobs has certainly made things a little difficult. Even more difficult is budget cutbacks that are normal for this time of year. When we start approaching the end of year budgets get tight and people lose jobs or new jobs aren't made available. Couple that with our currently weak economy and you have a pretty harsh climate for those who are out of work.

The good news is that stocks are rebounding and I feel the Microsoft decision will help the tech sector as a whole. Once stocks begin to jump back up and people notice their 401k plans growing instead of shrinking I think spending will come back around.

For the holiday season I think there is some really cool new technology in the tech industry hitting the shelfs. Hopefully the ultra low interest rates will help new car sales and money spent on cars could hold down the seemingly out of control inflation in housing costs. The rising cost of housing along with the slowdown in the economy has finally slowed house sales here in the metro. The cost of a house priced at say 120k has risen to about 200k in the last two years here. Lower gas prices should begin to effect rent and homeowner bills in a good way, and put more money into the motorized winter sports and provide an increase in travel due to super low rates in the airline industry. Of course people will have to begin to trust airtravel again, and these moronic airports need to pull their heads out of the sand to make airports a public operation instead of a military camp. I think putting that money back into people's pockets along with low interest rates and a rebounding stock market could begin an upward trend for the holiday spending cycle. I don't expect an instantaneous recovery by any means, but a couple postive indicators and some good news in peoples 401k accounts could begin a swift upserge in spending. Let's hope for the best on that.

I can certainly empathize with you PKRWUD. The ******* morons here on the Met Council and in our legislature have made it so hard on business in this state. It's unreal. Minnesota used to have one of the highest per capita populations of Fortune 500 companies in the US, but it's falling fast due to excessive taxing and property value controlled by those frickin morons at the Met Council. They are basing their expansion plans for the Twin Cities on Portland, OR. Only problem is, Portland is BOXED IN. Totally fucked up, totally unnecessary, and totally irresponsible. That from the only council that I know of which is appointed, not elected. So just like you, we've lost very good business, and it's hurt our economy. Good thing we have the 3rd largest tech industry in the country here. Even when the market is down, some part of the industry is up.

Good luck, man!
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