X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Gas vaults over $4 towards $5, Lehman Brothers signals more financial market issues, and last week’s jobs report suggests consumer spending will slacken quickly once tax rebate checks are cashed. Some on Wall Street may continue to look at technical numbers and see slow growth. But on Main Street the stress-o-meter registers extreme readings, sort of like temperatures in the Northeast this week. One guy I know just went on medication to calm nerves, another learned his severe toothache results from grinding at night. These aren’t subprime mortgagees. They are millionaires on paper with lots of debt, stock market losses, and diminishing prospects for year-end bonuses.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.