General

Countercyclical Creatives

Via MR comes this little nugget:

As the nation’s most populous metro area feels Wall Street’s pain, the fourth-largest—Washington—is barely sensing the recession. In fact, Moody’s Economy.com estimates that metro Washington’s economy will actually grow 2.5% from mid-2008 through mid-2010. New York’s economy is expected to shrink 4.2%.

This doesn’t surprise me. I’ll bet it is because Washington has far more creative class workers than New York.

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