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Re: [RT] S & P MMS sees larger U.S. growth drop in Q4 & Q1



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>>  programming catastrophes. As for tourism being hurt, most of that
>>  involves spending American dollars in some other country with only a
>>  limited number of agents being hurt here. I think a lot of money will

to the extent that domestic tourism won't be hurt, you may or may not
be correct.  it remains to be seen how much tourism from *other*
countries *to* the u.s. will be affected.

i can tell you that new york city (& in particular manhattan, where i
live) is a LOT emptier at the moment and that is partly due to tourism
(both domestic & international) falling off DRAMATICALLY.  this is
usually the beginning of the busy tourist season -- new theatre, music
series, & other productions ramp up in the fall.

the trickle down (shrivel-up???) effect of tourism drying up is
non-trivial.  one also needs to consider the "velocity" of money.
tourism adds to that velocity; the lack contracts it.

- *lk


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