Posted on 01/26/2015 8:14:04 AM PST by SeekAndFind
The crash in oil prices is weighing on Texas' economy.
The January Texas manufacturing survey from the Dallas Fed was a huge miss, with the general business activity reading coming in at -4.4.
Expectations were for the composite index to come in at 3.0, down from 4.1 in December. Factory activity in the region was flat in January.
The big takeaway, however, is that as with last month, numerous business executives expressed concerns over how the crash in crude oil prices would affect results.
(Excerpt) Read more at businessinsider.com ...
I saw one fly away with a neighbors kid just the other day and it's not even spring yet.
And don't forget the bugs. Cockroaches as big as dogs and then the scorpions and snakes.
Not fit for humans here.
“And the people! Biggest bunch of hateful unfriendly bastards I ever met, anywhere. Especially out here in the country.”
Hey NT, thanks for my first real laugh of the morning. I know exactly what you are saying. I turned down the “opportunity” to move to Texas way back in the ‘70s. My takeaway was that unless you were born there, or had lived there for twenty years or more, you were going to be “branded” as an outsider and shunned.
And their racial attitudes are neanderthal. When I asked the mayor of the town where I was to become a plant manager if the city’s public swimming pool was integrated he said; “Wy sho, course the nixxer’s don’t come ‘cause they know they ain’t welcome.” Also, liquor laws are from the Dark Ages and at the time the teachers were allowed by law to hit your kid.
‘If I owned Texas and Hell, I would rent out Texas and live in Hell’
things are bad in Texas?
Texas is pretty much the only state in the union creating jobs
how terrible. lol
...mosquitos the size of buzzards...
Yeah, but that’s true for all of the country’s mid-section from New Orleans to Minneapolis. I had a guy in Minnesota tell me that the mosquitos were so big there that they all had to have “N” numbers and get clearance to land.
As for Texas, let’s not forget the Tarantulas and the Armadillos, and that poisonous weed, Poke Salad, that you can eat if you boil the hell out of it.
And with Toyota moving here, along with many other companies, housing is going to be just fine in most areas. The demand is still high.
If only they’d believe that.
Things Are Bad In Texas: Crash in oil prices is weighing on economy.
________________________________________________________________________________
I’ve lived in Texas most of my life. This is news to me.
Things Are Bad In Texas: Crash in oil prices is weighing on economy.
________________________________________________________________________________
I’ve lived in Texas most of my life. This is news to me.
As oil goes, so goes Texas.
That may be changing what with the oil slump. Which is pretty much what the article was about.
His entire post went right over your head.
[[Crash in oil prices is weighing on economy.
Hmmm, businesses aren’t raking in record prices any longer and are still making profits, just not as much-
Seems no one cared that record high energy prices were weighing VERY heavily on the elderly, disabled, veterans, etc- no mention of that- the elderly had to literally choose between heat or medicine or food- (Food was sky high prices as well thanks to high gasoline prices- and the elderly and disabled and veterans were all DENIED any cost of living increases for years DESPITE the prices of EVERYTHING going through the roof)
“His entire post went right over your head.”
Now Clara Lou, to which “he” are you referring? About the only thing regarding Texas that ever “goes over my head” is the pile of cow patties in the corner of the corrals there.
Leftist Prayers. Texas has seen oil climb and fall since there was an oil market. Right now, these folks are trying to stampede the herd before they take a look at how “stable” Obozo has made the middle east.
Set on top of declining oil prices are the many leftists imported from Cali and other Blue States, and they will take this as an opportunity to bulk up their liberal agenda, they will be in the streets “Occupy” style come summer, remember one of the liberals primary tenets is never let a crisis go to waste, and if there ain’t one invent one.
It is though Texas; they can deal with it.
When next there is a boom in Texas, I hope they take advantage of the times to go hog wild with natural gas powered Gulf Coast desalination.
I can imagine them making a chain of cavernous cisterns in West Texas, that one after another are filled with water to turn West Texas green.
Hey Nervous Tick! We here in Texas have a saying,
“Welcome to Texas! Now go home,”
Oil rises and it falls. We have been thru it all before and will fall again!
The West Texas economy gets hit hard by oil slumps because it is a major part of their economy. The rest of the state only feels it a little.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.