David Littmann
David Littmann
David Littmann, M.D.,was an American cardiologist born in Chelsea Massachusettsand Harvard Medical School professor and researcher. The name Littmann is well known in the medical field for the patented Littmann Stethoscope reputed for its acoustic performances for auscultation...
backward built economy michigan relative resilience worse
We have the least (economic) resilience (of all the states), we never built up a surplus. We don't have the momentum, and we will go backwards; the economy of Michigan will get worse relative to the other states, we will go backward 1 to 2 percent.
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I think it's a general malaise and it's affecting all parts of the (Michigan) economy. Tourism will be affected; I think people are being hit and in winter, they will be hit more than their paychecks have grown. I see nothing that will help this economy, short of big tax cuts.
begin effect extent market stock wealth
It's a real wealth effect to the extent the stock market can begin a recovery.
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Michigan is not yet at rock bottom, but it will be in three to five years. We are a seeing an economic decline in the next five years.
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That would bite on disposable personal income at the end of the month.