If you think our “strong local economy” is going to protect the Seattle area from feeling a pinch in the housing market and elsewhere as recession looms on the horizon, think again. The pinch is here. With a cooling economy pinching tax revenue even as government costs rise, King County faces a $45 million budget…
Tag: recession
Will Seattle avoid recession, or feel the brunt?
It seems to be a foregone conclusion lately that the US is currently entering recession. Of course, much like the housing market, the some aspects of the economy are local, so we can’t assume that what’s going on nationwide will necessarily hit us here. Following are a couple of articles from the last few days…
Gregoire: Don’t buy into the self-fulfilling dire talk.
Good news everyone! Although the nation is slipping into recession, here in Washington State “our economy is strong” and the only thing that can bring us down is listening to all the “dire talk.” Well, that’s what Mrs. Gregoire would have us believe, anyway… Gov. Chris Gregoire, at a Seattle economic forum Thursday, boasted she…
Misdirection Master Strikes Again
In what is becoming a bit of a regular occurrence, Seattle’s #1 real estate cheerleader yet again wields her powers of misdirection in response to a probing reader question. Q: There is an entire group of people today who’ve never gone through a major recession. How will home prices be affected if we do have…