Related o my post from last week – Houston #1. Now, Newsweek reports:
Houston’s good fortune is largely a function of the current oil boom. But this isn’t the type of gusher that led to busts in 1981 and 1986. Instead, Houston is experiencing a 21st-century boom fueled by a weak dollar and global growth. “Three things affect Houston’s economy,” says Patrick Jankowski, vice president of research at the Greater Houston Partnership: “the price of energy, the value of the dollar and the strength of the U.S. economy at large.” As Meat Loaf said, two out of three ain’t bad.