One of the most frequent arguments you’ll hear if you ask someone to try to justify Seattle’s high home prices is job growth. It usually sounds something like this: “We’ve got Boeing and Microsoft, and all these highly-paid, high-tech jobs are continually being added to our strong economy.” Well, as you all know, we’ve beat […]
Posts in the Economy category:
Economic news, statistics, and commentary
“We don’t want to panic. We need to be brave.”
Maybe I’m just in a “mood” this morning, but this story in today’s Tacoma News Tribune really cracked me up. A morning of housing pep talks greeted builders, real estate agents and government folks Thursday: Build green. Be brave. If Coeur d’Alene, Idaho, can go urban, so can you.Economist Glenn Crellin, director of the Washington […]
Mortgage Mess Difficult to Ignore
Take a look at the front page of the Seattle Times website this morning: Click to enlarge That’s Coalition warns of “mortgage tsunami”, followed by Accounting, executives at lender New Century investigated, Fraud charges at Metropolitan Mortgage & Securities settled, and of course Mess unlikely to break economy. First off, I don’t think the term […]
Seattle is Different. We’re Totally Immune.
Dow, Nasdaq, S&P500Click to enlarge Microsoft & BoeingClick to enlarge Update: By request, here is a graph of today’s stock performance for a handful of other locally-based companies. Other Seattle-Area CompaniesClick to enlarge For those of you keeping score at home: Boeing: -1.95% Microsoft: -4.12% Amazon: -5.00% Starbucks: -3.94% Nordstrom: -7.59% Costco: -3.48% Washington Mutual: […]