The Buzz

University of Kentucky economist Ken Troske told the audience at the 20th Annual Economic Outlook Conference on Tuesday that the value of his retirement savings account had taken a beating due to falling stock prices in 2008.

The Dow Jones average dropped 35 percent last year, he said, but there was a silver lining.

“It’s good I had enough money to lose this much money,” Troske said.

Another speaker had a suggestion for those who are finding life hard in Kentucky: Consider moving to North Dakota.

Unemployment is about 3.3 percent, the banks are profitable and the home foreclosure rate is among the lowest in the nation, said Merl Hackbart, associate dean of UK’s Gatton College of Business and Economics.

Besides, it’s been so cold in Kentucky recently that North Dakota’s legendary winters will seem like a stroll on the beach in July.

This entry was posted on Thursday, February 5th, 2009 at 5:21 pm and is filed under Economy, University of Kentucky, Wall Street. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site. Your comments will appear immediately, but I reserve the right to delete innapropriate comments.