A Dose Of More Reality.....and getting worse in 2010
Private Equity Fundraising Down 68% in 2009
Venture Capital Funding Down 47% in 2009
NYC Office Space For Rent Increases 38%
As investment and revenues decline....it becomes harder and harder for business, families, cities, counties, states, hospitals, schools, and universities to meet expenses.
Revenues decline when banks stop lending in a credit dependent economy......and now revenues are declining dramatically as banks continue to cut back lending.
BLS: Near Record Low Job Openings in November
Interesting times when Wall Street and Government are the only one with access to free taxpayer credit while the taxpayer gets cut off.