Good news! Colorado’s economy is about to tank

Jun 212012

By Nic Turiciano
June 21, 2012

Good news! Colorados economy is about to tank Remember all that encouraging news during the winter about Colorado’s unemployment rate going down, Denver’s real estate market rebounding and the increase in tax revenue for the state? Turns out all of that was true, but Colorado’s economy is about to go in the dumps anyhoo.

According to Jackie Chazan, a new round of foreclosures is looming eerily on the horizon for Denver, meaning that we’re all gonna be fighting in the streets for scraps of dumpster pizza like it’s the summer of 2009.

About Nic Turiciano

Content Managing Editor Nic Turiciano is a senior journalism major. He writes about music, film, pop culture and all things associated with leisure. He began at the Collegian in the fall of 2009, is the former local director for 90.5 KCSU Fort Collins and contributor for www.theawl.com. He can be reached at entertainment@collegian.com.

Posted by Nic Turiciano on June 21, 2012 at 9:50 am COins, IN The Know Tagged with: Business and Economy, Colorado, Denver, Fort Collins Colorado, Jackie Chazan, Real estate, Unemployment Add comments

Stan

Nice sensationalism there dude!
- nicturiciano
  
  I'm just a lifelong advocate for reactionary freeganism.
http://www.examiner.com/grassroots-politics-in-denver/jackie-chazan Jackie Chazan

Don't be so pessimistic Nic. Hopefully unemployment will go down before the foreclosure wave hits the market! One thing is for sure: taxes will have to go up, especially for the richest 1%.
nicturiciano

I think I'm more optimistic than I seem in this post (i.e. humor makes me sound like a curmudgeon.) Though it is demoralizing when, for the last two years now, we've had flashes of good news that get overshadowed by more bad news. It always seems to be a half-step forward followed by a half-step backward, leaving us in the same place we've been in for a few years now.