“I’ve been through four [recessions] and all are different, but this is the worse we’ve seen,” said Stephen R. Karp, chairman of Newton, MA-based New England Development. “You need more liquidity and the economy will have some trouble getting things built for the future.”
I'm not sure what "the economy will have trouble getting things built for the future" means, but I'm guessing that means Windward's boat yard--which is quickly becoming my favorite spot--is safe for a while.
BTW, there appear to be more boats in the yard this year than last year. Just a guess on my part, but this must be some kind of economic barometer.
Read the entire article here.
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