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Started By
Message
When does energy weakness start hammering main street in Texas?
Posted on 3/22/15 at 12:35 pm
Posted on 3/22/15 at 12:35 pm
I assume Houston will take it the hardest of the big cities. I know there have been layoffs, but housing et al still seems pretty strong. Any thoughts on when we might say actually pull-through in the real economies there?
5
Posted on 3/22/15 at 1:09 pm to Big Scrub TX
I disagree about Houston taking a big hit. I mean, from the late 80's until present, I wouldn't say that they've ever struggled. Even during the 2008 great recession their economy was ok.
Posted on 3/22/15 at 1:57 pm to Big Scrub TX
Cheap oil = good for refined products.
Posted on 3/22/15 at 2:04 pm to Big Scrub TX
I think Houston is going to be safe. But I'd look at the third quarter of this year for significant down turn if any does occur.
Posted on 3/22/15 at 3:35 pm to Big Scrub TX
Texas is a more diversified economy than in the 80's. It'll create some softness but Texas is a really strong economic engine.
Posted on 3/23/15 at 10:42 am to Big Scrub TX
What about places like Midland or Lafayette that are more dependent on oilfield services types of jobs?
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