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What do we think, based on things like diversity of the local economy, housing devaluations, unemployment numbers, and State and Local social assistance?
I think it largely depends on who gets hit the hardest. NYC might not have the structurally most dependent economy but if they have 4x more cases Per Capita St Louis they might get worse hit than Stl.
SF, Austin, Seattle, Boston have the benefit of work from home software companies. I wonder about Atlanta, DFW, Charlotte, Phoenix, and the sunbelt cities that rely on personal services. Some might do better than '08 cause housing won't crash as badly, but hard to see much business being transacted in those places. They're also going to get slammed by airline problems.
SF, Austin, Seattle, Boston have the benefit of work from home software companies. I wonder about Atlanta, DFW, Charlotte, Phoenix, and the sunbelt cities that rely on personal services. Some might do better than '08 cause housing won't crash as badly, but hard to see much business being transacted in those places. They're also going to get slammed by airline problems.
Atlanta has Delta
Dallas has American Airlines and some Oil and Gas so that’s going to be tough for them.
Dallas’ economy is very diverse and isn’t oil dependent. A downturn in the oil industry wouldn’t really hurt Dallas at all.
10 of the 20 largest regional companies are either Airlines or Oil and Gas.
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