The Recession Bubble
It's interesting to listen to
the recession news around the country and look around here and not see the
economic extremes experienced elsewhere. In 2000 or so, Southeast Texas finally
emerged from the oil bust/recession of the late 1980s/early 1990s when the
housing industry caught fire, along with retail and hotel construction. In fact,
some refineries have announced massive expansion plans that are causing hotel
chains to pay attention, as there are 6 new hotels under construction within 3
miles of my home.
Sure, we've experienced some
retail store closures and some fast food chains folding, but thus far we seem to
have escaped the foreclosure nightmare (this area never experienced
over-inflated housing prices) as well as the massive layoffs. Quite frankly,
the devastation we experienced in 2005 and 2008 from two major hurricanes coming
ashore in our front yard were markedly worse than any recession
woes.
It seems that the
petrochemical industry has saved the area again (so far, so good). I wonder if
there are other areas of the country/world who are experiencing a similar
recession bubble? Occasionally, I guess it pays to live in the middle of
nowhere..LOL
How is the recession affecting your part of the world?
About the Author Donna Gunter
Best-selling author Donna Gunter works with successful business owners who are experts in their fields and established in their industry and are seeking a way to stand out from their competitors. Using her Ideal Clients on Autopilot System©, she helps them determine the exact strategies to generate more qualified leads and better-paying clients with automated systems. This proven system makes all their marketing easier and more effective and they find themselves positioned as the only choice for their clients.
