Grinding to a HALT!!!!!!
Alstrynomics warned you many months ago that businesses would come to a grinding halt. Now corporations declaring bankruptcy and shutting down. Major private construction projects on the Vegas strip standing dormant like prehistoric skeletons at a history museum. Now Calculated Risk reports public projects abruptly cancelled.....The university stopped building the 64,000 square foot Arts Building on Monday night. The $42 million building is 36 percent completed. And the campus only has enough money to keep constructing the new Telemedicine/Medical Education Building through the end of January. The $40.5 million, 67,000 square foot building is 40 percent complete.
Cal State Long Beach ... recently had to suspend construction of its new $105 million Hall of Science due to the budget crisis.
Usually public construction projects are very secure - this shows the severity of the budget crisis in California.
I guess we are going to find out whether gold is money or is money really money and there is not much of it to go around.