Hi, Glenn- Best explanation I heard was that money was moving into dollars as long as the Greek situation was unresolved, but that now that a temporary patch is in place (good for six months), the flow might reverse out of dollars and into euro; i.e., New York looked good in comparison with Athens.
Meanwhile the state of Minnesota is shut down, with no immediate likelihood of resolution. Odd that the Republicans, who presumably favor jobs, jobs, jobs, have just unemployed something like 30,000 people; and who presumably are most concerned about the business climate of the state, have just given it a big national black eye in that respect as well, since various licenses & other such services are no longer available. I put it down more to incompetence than explicit malice/hypocrisy, but the results are much the same. People are getting really disgusted; and given how well governed the state was in the last half century, it all seems so gratuitous. Oh, and did I mention that the legislators have decided to keep on paying their own salaries, even though everyone else is fired, arguing that since they are the ones who have to work on a solution they need to continue to get paid so that they can resolve the mess. That's the sort of thing that will really rile Minnesotans up, I hope, and I don't think they even realize how self-serving it sounds.
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