WYFF: Recession Over Because New Restaurant Opening Downtown


So…the local economy is “picking up” because construction on a restaurant that had been delayed has just started? What about the banks closing in our state? We’re celebrating a “dip” in unemployment to 10.7% even though that number is a) hideously high and b) wrong. Our rate went down because people who exhaust their benefits and officially stop looking for a job are removed from the count.

Which explains the unemployment benefit kabuki theater in the past weeks.

We’re probably closer to 15% unemployment and 25-30% underemployment. The commercial real estate market collapse is a nightmare that is literally just around the corner and China, our main foreign creditor, just outlined their plan to depeg the Yuan from the dollar.

But don’t worry, there’s a new restaurant opening up so the economy is just fine. That’s great analysis WYFF. You’re a real credit to news.


One Response to “WYFF: Recession Over Because New Restaurant Opening Downtown”

  1. Loup Garou on July 27th, 2010 5:02 pm

    soooo…. it’s a Chinese restaurant?

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