Noteworthy: Texas tourism, banking, agriculture
?In the medium to long term, the regional outlook is still a function of U.S. fundamentals, which have not improved much from last year.?
Noteworthy: commercial real estate: recession takes toll, banks put at risk
Texas' commercial real estate market steadily worsened as recession took hold in 2009. Commercial real estate's woes don't bode well for banks already struggling with losses from residential loans. The number of distressed properties--those in foreclosure, in bankruptcy or restructured--is rising.
College pays dividends - more so in Texas than U.S.
Economic research confirms what parents have been telling their children for generations: College education pays off in higher earnings. Indeed, the gains from earning a college degree have been rising over the past quarter century--in both the nation and Texas. ; Supply and demand go a long way toward explaining rapid increases in the college premium since the 1980s. Texas' faster increases suggest demand growth has outpaced supply growth by a wider margin in the state than the nation.
Spotlight: upper East Texas in slump, region holds up better than U.S.
As the U.S. and Texas slipped into recession last year, a balanced economy lessened the impact on upper East Texas. In March, the region's year-over-year nonfarm employment was down 0.4 percent, compared with the state's decline of 0.8 percent and the nation's 3.5 percent. Unemployment rates in the region's principal metros are near or below the state's 6.7 percent average.
Noteworthy: venture capital: U.S. rises, but Texas continues its decline
Texas found itself left out of the nation's first quarterly uptick in venture capital activity since 2007. Investment in the state fell 58 percent from the first to second quarter, coming in at $74 million, its lowest level since data first became available in 1995.
Dallas Fed President Richard W. Fisher discusses economic conditions in Texas, and the specialized tools used by the Dallas Research Department to analyze the Texas economy.
A primer on inflation (with comments on real estate in the Metroplex)
Remarks at the 6th Annual Real Estate Symposium, North Dallas Chamber of Commerce, Dallas, Texas, August 30, 2006 ; "Our current analysis points to an economy at a crossroads. High energy prices, rising interest rates and the slowdown in a red-hot housing market have taken some of the steam out of what had been a fairly robust expansion. At the same time, our current inflation indicators are not presently as well behaved as I would like them to be. Central bankers are always concerned when inflation starts to rear its ugly head. We know from experience that once inflation gains momentum, it ...
The current state of the U.S. and Mexican economies: where do we go from here?
"As I sit at the FOMC table, I continue to fret more about inflation than I do about growth. While I am well aware of the risks to economic growth, the history of inverted yield curves, and the ever present possibility of exogenous shocks in a politically hazardous world, the 'balance of risk,' in my book, is still tilted to the inflation side of the equation." ; Remarks at a Policy Forum hosted by the El Paso Branch of the Federal Reserve Bank of Dallas and Monterrey Branch of the Banco de Mexico, Monterrey, N.L., Mexico, September 25, 2006
Texas redux, America restrained (with a discussion of the limits of monetary policy)
Remarks before the Texas Manufacturers Summit 2012, San Marcos, TX, February 15, 2012 ; "In a nutshell, Texas continues on a path it has been on for over two decades, outperforming the nation in economic growth and job expansion. We have fully recovered the jobs lost during the Great Recession and have punched through previous peak employment levels."
Texas: what makes us exceptional? Where are we vulnerable?
Remarks before the 2010 Pre-Session Legislative Conference, Austin, Texas, December, 2010 ; "With each passing year, Texas has consistently outperformed the rest of the nation in growing economic prosperity. Over the past three especially difficult years, the Texas economy has outperformed all other states, except for those tiny ones whose populations would not aggregate to the size of any of our major cities."