In the northeast, winter has continued well into
April. The cherry trees haven't fully bloomed yet, but this weekend the
forecast is for summer-like weather (sunny and 80 degrees). I feel like
I'm back at college in upstate New
York where Spring and Fall were only a couple weeks
long.
As far as business thawing, it's hard to spin the impending chrysler
bankruptcy, American Express's 56% reduction in net income and the next bubble
of commercial real estate into positive light. Hopefully sentiment will
continue to go up and confidence alone can pull us out of this mess. It's
going to be an interesting 3 months.... It’s hard to know the timing but,
as usual, scrappy small businesses will create the value that ultimately will
bring back the economy.