Why This Recession is Difficult for Me to Grasp

By: Mr. Wilson on March 23, 2009
I haven't yet been able to "get into" this recession. That is, despite all the scary, doom-and-gloom talk, I just don't feel all that concerned. Why not? Well, this map from the New York Times explains part of it. Lately I've been wondering if Lincoln will largely escape the recession's wrath, or if we will catch its tail whip, not really feeling its effects until near the end. What say you, you amateur economists?

Comments

See what your friends and neighbors have to say about this.

Gene
March 23, 2009 at 1:27PM

Sometimes it takes a while for economic effects to reach the midwest, not that I’m making any predictions.

Considering the last presidential race, take a look at the rates in Illinois, Deleware, Arizona, and (especially) Alaska. None are doing all that great.

Karin Dalziel
March 23, 2009 at 3:55PM

If the recession continues (or develops into a full on depression) I think Lincoln will feel the effects big time. Everything takes longer to reach here. (Which is why moving to Nebraska is kind of like a timewarp backwards 2 years)

Fletch
March 23, 2009 at 10:18PM

I don’t think we’ll see a depression, unless the Prez keeps spening like a drunken sailor.

I think you’ll see signs of economic recovery by/in 4th quarter of 2009, and continuing into 2010.

It’s all certainly affected my business in a major way!

Benn
March 24, 2009 at 5:36PM

We don’t quite feel it the same here b/c more people in the midwest don’t spend as far outside their means as the rest of the country ... but it’s obviously affected us in big ways.

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