Wall Street Wistful About New York Life Without Mayor Bloomberg

Nothing we’re doing looks anything like the society we built from the New Deal through the 1960s. We’re not doing any of the things that would lead to a more stable and just economy. In fact, we’re doing just the opposite which means the billionaire bailout society will become even more firmly entrenched. How do we dismantle the Billionaire Bailout Society? It starts with recognizing that the political circus in Washington has no chance at all in altering our pell-mell descent into crippling inequality.

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Bloomberg’s decision to set aside a rainy day fund even when the city was still running a strong surplus was widely seen as buffering city agencies from more severe cuts once the recession hit in 2009. LOOKING AHEAD While Wall Street executives and industry leaders lament the end of the Bloomberg era, voters in the city of eight million people appear eager for change. A Marist poll from July found that fewer than one in five New Yorkers see the city as affordable for the average family. The average price of a Manhattan apartment is $1.425 million, according to The New York Times, while the cost Elevation Group of renting a New York apartment – excluding Staten Island – is more than $3,017 a month, up from $2,088 per unit in 2002, according to REIS, a real estate research firm. The average rent nationwide is $1,062 per month.

Wall Street Fundamentals Releases New In-Depth Stock Reports on GDP, PQ, SU and TPLM

The stock appears to be facing some resistance at $9.98 with some support at the $8.96 and $7.76 levels. More information on Triangle Petroleum and access to the free equity report can be found at: Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace. Activate your always free membership by signing up at http://www.WallStreetFundamentals.com today. Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report.

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