Feb 192008
Another sign that we’re in for rough economic times ahead: my employer implemented a hiring freeze today. The last time state government imposed a hiring freeze was in 2003, when Minnesota was confronting a four billion dollar budget deficit. But the bad news doesn’t end there. Mortgage foreclosures hit a record high here in Hennepin County for the month of January. With more subprime mortgages scheduled to reset in the coming months, the sheriff’s office is going to be busy for the foreseeable future. I probably picked a turbulent time to start putting money in my retirement account, but I can afford to take on some risk. The people losing their homes didn’t have that luxury.
