"All Economics is Local."

[MegalosSkylaki]

Paraphrase of 'old-saw' "All politics is local".

And I guess Economics is local for those out of work, underemployed, fearful of losing their jobs, or feeling trapped in jobsthey don't like because the jobs aren't out there.

I can tell you that here in NYC the Economy is definately NOT pulling out of the recession--has it been declared officially over ?

More layofffs on the two biggest industries -- hi-paying FIRE (Finance, Insurance, Real Estate) and in Tourism--traditionally labor-intensive but low-paying.

How is the local economy doing where you live ? Both here and Overseas .

Strange, I kinda believe people more than the those who release The Official Story. But, hey, somewheres gotta be doing better.

DOOOOG

[Graham]

Supposeddly booming, house prices ( a good indicator) up by 10-15% depending on area.
Still redundancies about, more "rationisation" than recession, hopefully.
Many companies deep in debt but still trading.

Dont know about the wider job mkt but in my company, they are "natural wasting" yet recruiting in sales and marketing.

G