Recession hits the Hamptons
Hedge fund manager/blogger Barry Ritholtz, reporting live from eastern Long Island:
Got last minute dinner reservations Saturday night at one of our favorite restaurants, no problems. At 8 pm, there was no wait -- indeed, there were 3 or 4 empty tables after we were seated. Last year, there would have been a 20-30 minute line at that hour on Memorial day weekend.On the way to the beach, I count 14 homes for sale -- same amount as last year. A lot of For Rent signs out also.
We go to dinner at one of our favorite lobster restaurants -- on the early side, so as to not get home too late. We finished after 7 -- the place was still empty.
Comments
Yep, even the lines/wait time at the Outback Steakhouse in Ellicott City have been reasonable the last two times we were there, about 20 minutes instead of 1-2 hours...
Posted by: Mar | May 27, 2008 12:50 PM
ah, nothing like anecdotal evidence to support the prevailing meme. years from now, we'll marvel at how desperate the media was to talk down this economy. I predict an amazing turn around if a Dem is elected in Nov.
not sure what's worse: the unrelenting spotlight on negative economic news or the effort to surrender + lose the war in Iraq. We sure haven't heard much about Iraq lately -- a definite sign that things are now going quite well...
Posted by: kvnmnnng | May 27, 2008 10:37 PM