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eBook details

Title: Impact of Hurricane Katrina Ripples Across Economy (Financial Views)
Author : Appraisal Journal
Release Date : January 22, 2005
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 273 KB

Description

Introduction We started writing the "Financial Views" column for The Appraisal Journal in fall 1999, making this the sixth anniversary of publication. To help readers develop proactive stances, this column looks at major trends or events that are likely to affect the outlook for both the economy and real estate. This format worked well for the first two years, but came to a severe test in fall 2001 on the heels of 9/11. Obviously, our forecast as well as those of others were thrown off by 9/11, which shifted debates about the economy and the impacts of terrorism. The increased budget allocation for the Department of Homeland Security and the shift in the national psyche have had an enduring impact on the economy. As of late, both the economy and the capital markets have adjusted, operating on a relatively steady-state path to recovery. That is not to say the transition has been smooth. Global issues have clouded the scene and made forecasting somewhat tenuous, but in the absence of more events, life has gone on.