SocraticGadfly: Recession headed to Texas too

November 24, 2008

Recession headed to Texas too

Just because housing prices in Dallas and Houston haven’t cratered like Phoenix, Miami and SoCal doesn’t mean Texas will escape scot-free from the economic downturn.

The Dallas Fed has officially weighed in, and the prognosis isn’t good. Much of the state’s economy is at a four-year low, and 2009 is supposed to be worse.

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