We in New Mexico are seeing the oil industry struggling and tech companies that used to be booming - HP and Intel - cutting way back.
As a t-shirt company that caters to businesses, we are sensitive to changes in the economy. When people are being let go, companies buy fewer shirts.
In the last 30 days over 80% of our business has been from government or government related customers. Normally it is about 20%. Customers who have ordered like clockwork in the past are putting off or just not placing orders.
Very scary.
I was wondering what was hammering NM.
Personally, I expect more collapse from both HP and Intel in NM in the next 5 years.
Plenty of fab capacity when new Portland fab comes on line and less drama from local environmental activists.