This month’s newsletter topic is one that we could not have foreseen. We are certainly in new and uncharted territory. Moments like these can be unsettling and even scary. However, it is in these times of uncertainty that we can truly thrive and grow as a society.
Over the past couple of days, I've been thinking about how NYC surmounted crises in the past and how our resilience can result not only in economic recovery but in growth.
To name a few:
1. The 2008 Financial Crisis was the biggest economic downturn since the Great Depression. US stocks dropped 56.8% - recovered 68.6% within 12 months and NYC housing prices dramatically increased year over year.
2. Hurricane Sandy struck on October 29, 2012 causing $70.2 billion in economic