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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Sam Sara who wrote (81988)	3/18/2001 12:05:35 PM
From: Andrew G.	Read Replies (1) of 436258

Sam: Traffic and shopping in the Twin Cities doesn't appear to have slowed but the local economy is feeling it in dollars spent. You are correct about lagging indicators. In Saturday's Home section of the Mpls Star Tribune a realtor was quoted as saying "I've never seen prices shoot up in a 60-day period as they have this January and February". Yet in the Friday business section the headline was on slowing venture capital "The flow of venture capital dollars to fledgling Minnesota businesses slowed significantly as 2000 ended with just nine companies receiving $106.7M in fourth quarter" down from 32 receiving $308.6M in the 3rd qtr. "believed to be the lowest quarterly level ever for the state". I think this mixed signals are showing that some sectors of the economy are going to be impacted at a slower or more muted degree than others. As someone else pointed out, this downturn has accelerated rapidly just since early December and the long term effects may not show up until later in the year in many sectors if current conditions persist.

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