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Fargo feels far away from recession
- February 26th, 2009
- 1 Comment
If you think Fargo is just an acclaimed Coen brothers movie, it’s time for a lesson.
With a 3.4% unemployment rate in December (the most recent numbers available) and low foreclosure rates, Fargo, N.D. isn’t letting a little thing like a recession get in the way. Here’s one of the bright spots in fairly abysmal economy.
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Tell that to the people from DMI, Microsoft, Bobcat, Caterpilar and the 140 people from Case that was announced today.... and it isnt' true that ND didn't get caught up in sub prime loans because not all of the loans came from ND banks... ever hear of Country Wide? They gave loans to ND.
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The foreclosure rate in my hometown last month was the highest it's been since the current recession began,because the unemployment rate remains dangerously high.
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