Tuesday, August 3, 2010

More on the Resilient Texas Economy

The comparatively resilient Texas economy continues to draw attention.  Following earlier pieces by The Economist and CNN/Fortune, the Atlantic has a new piece grappling with the economic phenomenon that is Texas. What makes this discussion really interesting is when the Texas numbers are matched up against the other big states, particularly California.  And it is always interesting to see Texas compared to Michigan, which seems to be its mirror opposite on many levels.  Maybe the relatively good economy in Texas explains in part the reluctance of Dallas Fed President Richard Fisher to call for more aggressive monetary policy action  to counter the effective tightening of U.S. monetary policy.

2 comments:

  1. I'm grateful for the good press, but here in central Texas we are not immune from falling real estate prices. I had two residential rental properties appraised last week (which I bought AFTER the crash) and their values are down about 15 per cent in less than 2 years.

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  2. . . .the economic phenomenon that is Texas

    Except it's not.

    Real data.

    http://krugman.blogs.nytimes.com/2010/08/03/texan-tall-tales/

    Cheers!
    JzB

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