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57 sats \ 61 replies \ @Undisciplined 29 Jul 2024 \ on: Texas Manufacturing Slump Deepens in July econ
I wouldn't expect the Fed to bail out Texas.
They need to bail out themselves when the labor market cracks
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Which state do you think will become bankrupt first?
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California and Illinois seem to be in the most trouble financially.
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California and Illinois.
California has always been troubled financially.
What happened to Illinois? Chicago is there...
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Chicago's a huge mess financially and it's losing population. Many people expected it to go bankrupt during the Great Recession, just like Detroit.
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I know, but it stuck around.
A few of my friends ended up taking a position at hospitals around there.
First You'll have trouble in the Eurozoe. Hot candidates are Italy and Spain.
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Right, Italy, Spain, Greece always seem to have troubles.
But I dont know if they will be first, maybe a US state might declare bankruptcy.
Maybe California?
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And France, no.2 on the eurozone, is catching up real fast
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Why is it that Switzerland always seems to never go bankrupt?
I dont know, texas is kind of important to them.
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It's represantative as it is the no. 9 economy on a global scale
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Its a pretty big power....if I say so myself.
But texas does have its own problems.
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What I read Texas is a preferred place to be, to invest and grow families in the US.
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I have heard that before, but I wouldnt want to live in texas.
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It's flat, hot, and barren, but for some reason it's where everyone's moving.