Everyone keeps talking about the economy. The owner of the local grocery store, the lawyer across the hall, the bank teller, the president of a major Long Island association… everyone!
And, everywhere I go and I find myself getting into the same conversation about the real estate market, gas and food prices, company layoffs and even about the banks.
Yesterday, I had three conversations with three different bankers — Capital One, State Bank of LI and Commerce Bank.
“Should I pull my money out of a small bank and put it in a larger bank?” I asked.
“Don’t worry,” they said, “it’s FDIC insured up to $100,000.”
Today, I had lunch with my two VP’s, Lori Alexy and Kristie Galvani. We went to Brendel’s in Westbury. The owner, who is always very nice, said, “I can’t believe this economy. It just can’t get any worse!”
Later in the day, I had a conversation with a friend who owns a staffing business and she was also saying that her business has seen a significant impact. “The temp business is good but the permanent placements is not so good,” she said.
Everyone keeps saying things will change in the fall. So let’s wish away this heat wave and bring on the fall…. I think we’re all ready!
