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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (16358)	3/8/2003 4:14:51 PM
From: techanalyst1	Respond to of 57684

We're more diversified. Lots of people in the entertainment industry, aerospace, defense, biotech, education, housing, construction, retail and banking (mortgages and financing). Plus we have no real public transportation system so we have lots of people who are willing to drive long distances to work. If they live, say in Orange County, they might work in LA but if they were laid off they wouldn't think twice about getting a job in Riverside/San Bernadino counties or even North San Diego. I wonder what they're thinking about gas. That has to be a big price increase for them. I do think we better get gas prices down or our tourist industry will suffer and so will retail/restaurants. If we see layoffs then I don't know how housing will hold up (maybe prices will stabilize but it might be enough to slow construction). And if THAT softens then I would say we're probably in trouble down here....... same as we were in the early 90s. It was the mortgage industry employees ironically who were getting foreclosed on left and right. TA