Heat Wave! A City Without A/C Pants in Sweaty Fear

Heat Wave! A City Without A/C Pants in Sweaty Fear

Temperatures for Thursday and Friday are forecasted to reach the mid-90s, with temperate Seattle earning an Excessive Heat Warning from the National Weather Service. Saturday will still be in the low 80s (but with a possible thunderstorm), with Sunday dropping back down to the upper 70s, thanks to an invasion of marine air, say the weather diviners at KOMO TV. Continue reading Heat Wave! A City Without A/C Pants in Sweaty Fear

Washington State Economy’s Upside and Downside Risks Grow

Washington State Economy’s Upside and Downside Risks Grow

The Grand Hyatt conference room was packed with Puget Sound Business Journal readers who, if they sympathized with Ray Davis’s optimism, also have had their expectations tempered by the experiences of the past several years. Yet the takeaway was that while double-dip recession risks have risen, at the same time, so have recovery “risks,” due to the length of time people have cut back on spending. At some indefinable point, the dam is going to break. Continue reading Washington State Economy’s Upside and Downside Risks Grow

Before Umpqua’s “Navigating 2012,” a Course Check on 2011

Before Umpqua’s “Navigating 2012,” a Course Check on 2011

Raha was right, then, to worry about nothing going wrong. He was also correct about Boeing ramping up production, banks remaining under stress to recapitalize under more stringent FDIC regulation, and real estate not bouncing back until at least mid-2011. The gold bubble has yet to pop, interest rates have yet to rise (though any deflationary spiral has been mild), and delayed foreclosures are still depressing market values. Continue reading Before Umpqua’s “Navigating 2012,” a Course Check on 2011