[brown_dog_us]

Originally Posted by SteveM85

Why would CT get hit harder?

It might lead to more comfort in working remotely so less need to live close to NYC.

[kidyankee764]

Originally Posted by Stylo

Wondering the same. That’s a bold call to make without any supporting reason.

If anything, we have a healthier population than many states with low obesity, along with some of the best healthcare in the country.

I would be more worried about areas with mass obesity and poor healthcare.

I think he means economically hard hit - not by Coronavirus.

[Mr_250]

Originally Posted by SteveM85

Why would CT get hit harder?

Once the dust settles, I think we'll see the largest stock market rally in history. That's me though, maybe not.

Some on here can then breathe a sigh of relief as their hero will need it to do so.

I think CT, health wise, will be fine. I’m not nervous.

Economically I think we’ll feel it. You can’t deny that the Gold Coast money is tied to money. The state says April is where the largest “wind fall” comes from in terms of tax revenue from capital gains and such. With the market sinking it is only natural to conclude less money in the coffers.

Also, not related to the “19 thing” is the employment benchmark came out today. CT projected a gain of 7700 jobs but actually lost 3300. Which the report said is normal. But the last line says it all. CT went from slow growth to negative growth last year.

A lot of the increase in employment last year was tied to hotel, leisure and food service. Those numbers will take a hit.

[kidyankee764]

Originally Posted by Mr_250

I think CT, health wise, will be fine. I’m not nervous.

Economically I think we’ll feel it. You can’t deny that the Gold Coast money is tied to money. The state says April is where the largest “wind fall” comes from in terms of tax revenue from capital gains and such. With the market sinking it is only natural to conclude less money in the coffers.

Also, not related to the “19 thing” is the employment benchmark came out today. CT projected a gain of 7700 jobs but actually lost 3300. Which the report said is normal. But the last line says it all. CT went from slow growth to negative growth last year.

A lot of the increase in employment last year was tied to hotel, leisure and food service. Those numbers will take a hit.

Agree. I don’t think it will be specific to the Gold Coast either. It’ll be a National and worldwide issue. I’ve already taken a bit of a hit.

[Stylo]

Originally Posted by kidyankee764

I think he means economically hard hit - not by Coronavirus.

I got that part. The rest seems unfounded.

[kidyankee764]

Originally Posted by Stylo

I got that part. The rest seems unfounded.

Ah. You mentioned healthier population so wasn’t sure how it was connected to finances. My bad.

[JayCT]

Originally Posted by kidyankee764

Re Economic Climate, anyone else have concerns that this coronavirus scare is going to cause a global economic crisis? Of course this is a CT thread, but figured I’d bring it up with the shaky market lately.

My advice regarding economy: hold onto your hats.

This may answer some questions about the impact to our state’s economy. Jay

https://ctmirror.org/2020/03/13/cts-...virus-spreads/

[kidyankee764]

Originally Posted by JayCT

This may answer some questions about the impact to our state’s economy. Jay

https://ctmirror.org/2020/03/13/cts-...virus-spreads/

Great article. I actually think CT will weather the storm better than states who’s economies rely on tourism, like CA, FL and cities like DC and Vegas. The tourism industry is going to take a beating.

[BobNJ1960]

Originally Posted by kidyankee764

Great article. I actually think CT will weather the storm better than states who’s economies rely on tourism, like CA, FL and cities like DC and Vegas. The tourism industry is going to take a beating.

Probably. I know some on Metro North from FFC here who work in NYC non-financials industries which may get affected, but overall I think we will weather it decently.

Restaurants, hotels, tourist sites like Disney, and mall workers will get the worst affect IMO.

I would not be surprised to see malls already teetering financially to close permanently, a bit faster than if this virus never happened.

[kidyankee764]

Originally Posted by BobNJ1960

Probably. I know some on Metro North from FFC here who work in NYC non-financials industries which may get affected, but overall I think we will weather it decently.

Restaurants, hotels, tourist sites like Disney, and mall workers will get the worst affect IMO.

I would not be surprised to see malls already teetering financially to close permanently, a bit faster than if this virus never happened.

I did read an article on ESPN and the difficulty it is facing filling the void. Because it’s owned by Disney, which will surely take a big hit, it’s a bit concerning for them.