Wall St. Crisis Could Affect Arkansas

Next phase in the financial meltdown. The upside: That post-apocalyptic all-leather wardrobe is quite slimming.
Next phase in the financial meltdown. The upside: That post-apocalyptic all-leather wardrobe is quite slimming.

Remember two weeks ago when various experts could say that the situation on Wall Street probably wouldn’t have too much effect on Arkansas? That assessment is no longer operative.

The Arkansas News Bureau’s James Jefferson and John Lyon report that the worsening situation could have significant negative impacts on the state economy, including slowing job growth, reduced access to credit, big hits to state retirement funds and a high stakes fight for survival in a “Road Warrior”-style primal desert wasteland. OK, I made that last one up, but you believed it, didn’t you?

Meanwhile, the much bally-hooed financial sector bail-out package flopped yesterday, though all four of Arkansas’ congressional reps voted for passage.

And the Jonesboro Sun rounds up response from a couple of profs who talk about what this might mean for northeast Arkansas.

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3 thoughts on “Wall St. Crisis Could Affect Arkansas

  • September 30, 2008 at 5:22 pm
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    My emergency check list…
    Black Ford Falcon XB Coupe with dynamite on the gas tank. Check.
    Sawed off shotgun. Check
    Bluehealer wearing a red bandana. Check.
    Holden Monaros for my XB Coupe to race. Check.

    Reply
  • September 30, 2008 at 5:34 pm
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    Rex,
    Make sure you pack plenty of cigarettes into the Falcon. I suspect they will emerge as a valuable unit of exchange in our new subsistence economy.
    D.

    Reply
  • September 30, 2008 at 5:40 pm
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    Yeah…I had quite few stuck back but the dog ate them. Guess I’ll have to smoke the dog.

    Reply

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