May 18’s Financial Times had a piece about how Dallas might serve as a model for how the American economy can move forward. Our fair city is having a “normal recovery” while the rest of the nation is stuck with a “speed limit” recovery, the paper says. (Check out the oddly simplistic photo illustration they used to sum up this idea.)
The reasons they give you’ve probably heard before: the 1980s banking depression in Texas made our bankers less likely to pursue risky practices, the rise in oil prices is a boost to our energy industry even as it’s a pain for those of us at the pump, and we Texans are just so gosh-darn optimistic.
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