This wonderful old city is hurting, as are all parts of America. For the first time in many years, I am again seeing homeless people, beggars, and panhandlers here in midtown Manhattan.
We are most likely on the verge of a major recession, perhaps even a depression. What I see here on the streets of New York is probably only the beginning. Even so, it is disconcerting.
Are we headed back to the '70s?
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