“Double whammy.” Texas recovered from the 2008 crisis faster than much of America. Now, with an oil-price bust and coronavirus, it’s likely to suffer an outsize contraction.
Texas is going to be slaughtered by this...
https://www.wsj.com/articles/texas-gets-double-punch-from-coronavirus-and-oil-shock-theres-no-avoiding-this-one-11586113727 …
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Replying to @spwells
I think Texas will do better than most states, economically. Half of the low oil price is just weak demand (who's driving right now). That will happen to most states' specialty industries.
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Replying to @Molson_Hart @spwells
I mean just look: Washington: Boeing California: Movies (okay, tech counterbalances it) New York: Fashion South Carolina: Cars Florida: Travel Midwest: Food - they'll be all right.
7:06 PM - 5 Apr 2020
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