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Back in 2005, the economy was growing at a 3-4 percent clip. Today, it’s less than 2 percent. Maybe even less than 1 percent. It seems pretty clear a devastating hit on the Big Apple might well send the economy back into recession. And given the current fragility of consumer and business confidence, how likely is it that the economy would quickly bounce back into growth in a quarter or two?
Originally posted by yourmamaknows
reply to post by SirMike
On the flip side, it is a chance for people to work together and try to prevent a greater disaster. FEMA could do it's job and come out looking good. Maybe the storm will subside some and give people a break. Are there nuclear reactors in the danger area?
Originally posted by SirMike
It seems pretty clear a devastating hit on the Big Apple might well send the economy back into recession.