Login | Contact Us | Site Map | Archives | Alerts | Electronic edition | Subscribe to the paper
Subscribe to RSS   Add to My Yahoo!

December 31, 2008 7:37 PM

In the last downturn, Colorado went into recession later and stayed in longer. Will that be different this time?

This post contains the answers to one of 10 questions sent out in our quarterly survey of investment professionals and economists.

10. In the last downturn, Colorado went into recession later and stayed in longer. Will that be different this time?

John Goltermann: No, I believe the same pattern will recur.

Michael L. Serota: The energy sector. This administration will spend money on energy and we as a state will benefit economically.

Bill Greiner: I don't know. The recovery from this recession should be based on debt repayment and the degree of leverage inherent within an economy. Is Colorado more "levered" than the nation in general? I don't know the answer to this question - but if one could find out, the answer to that question would answer your inquiry.

Tucker Hart Adams: Colorado's growth in the 1990s was driven by the technology boom and, when the bubble burst, it took us a long time to recover. This time we are moving pretty much in sync with the rest of the country. The energy industry, which has been strong and is now headed for problems, is too small to have much impact on the Front Range where most of us live, although it will have a significant effect in the Grand Junction market area.

Gregory Anderson: The Colorado economy has become more diverse and should be strong enough to bounce back with the rest of the nation at the same time.

Gary Horvath: The slowdown in employment at the national level began in December 2007. Preliminary state employment numbers show that Colorado employment began to slow in the Q2 2008. The BLCI shows that the slowdown for both Colorado and the U.S. began in Q4 2007. Colorado may see a more shallow or shorter downturn if we are truly past the worst part of the housing slump.

Fred Taylor: Colorado is positioned much better than the rest of the country. With a highly educated population, diversified economy, and a stronger housing market than the rest of the country Colorado should come out of this recession sooner and be less negatively impacted than states like California or New York. It also helps that Mayor Hickenlooper and Governor Ritter have recognized this downturn early and are being proactive in facing this recession head on by taking the necessary steps to create new jobs and get federal funding from the new Obama administration.

Andre Ratkai: Colorado seems like it will probably continue the lagging pattern of past recessions. Our industries and employment patterns tend to be of a lagging nature; in other words, the industrial and construction economy turns up first, then our service-oriented and knowledge-worker economy turns up. This pattern will probably be reinforced by the downturn in the energy industry, which will likely cause the Colorado economy to lag the national economy.

Jeff M. Wilson: Colorado's economy is more diverse than ever before. While not immune, we are well positioned to fare better and recover more quickly than most other states. Retailers will be especially hard hit. This will adversely affect commercial real estate, especially malls, retail centers, strip centers, "big box" stores and some warehousing. This will create unique opportunities for creative entrepreneurs to effectively utilize this space available at bargain rates.

Rich Wobbekind: So far I think the data will eventually confirm that we entered the recession significantly later than the rest of the nation. My view is that we will recover on a timetable more in sync with the nation so yes I do think this will be different than the last time.

Maclyn Clouse: Colorado's economy is now more diversified. With some strength in energy and technology, it will not take longer to come out of the recession, and we could even see some improvement before some parts of the nation.

Mark Lee Levine: Colorado is more diversified today in its economy, compared with problems it faced with the Dot Com and the Oil decline that occurred in some of the prior economic problems in Colorado. Colorado did well in the housing market in the last few years, but it did not have the size of the bubble that has now been seen for parts of California, Arizona, Nevada, and Florida, among other states. Thus, it will recover more quickly than many of these states; but, Colorado will have its share of pain. The pain will, however, ease more quickly than in many instances in the past Colorado recessions and declines. CAVEAT: Remember my caution, noted above: My Crystal Ball remains Opaque!

Patty Silverstein: The slowdown in economic activity in Colorado has been coincident with the downturn in the national economy. While there is great way to define a state recession, if we consider a decline in over-the-year employment as the key indicator, Colorado has yet to actually enter recession. This position is likely to change in the last month of 2008 or first quarter of 2009. Still, I believe that Colorado's recession will be shallower and shorter than other parts of the country for three key reasons. First, Colorado's housing market is likely to improve sooner than other areas as we did not experience the wild swings in prices that other areas had. Second, our slow emergence from the 2001 national recession (indeed, our recession occurred more in the 2002-2003 period) means that our companies were still operating at fairly lean levels. Third, we are a strong entrepreneurial area and small business formation and growth is often a key to successful emergence from an economic downturn.

David A. Peterson: Colorado could perform better than other parts of the country. The growth of our population should lead to a growth in our economic circumstances. The more troubled areas would be the manufacturing regions of the U.S. and the areas with more overbuilt and overpriced housing. Of course Colorado's employment picture just got significantly worse with one of our highest paid employees in Mike Shanahan losing his job.

Barbara Walchli: Colorado did not get caught up as much as some states in the housing speculation excesses of the last cycle, In addition, the Obama administration has signaled that it wants to offer incentives to start up technology companies. We think that could benefit the Colorado economy.


  • January 7, 2009

    7:12 AM

    Mark Prettyman writes:

    You know the funny thing is I have contacted a number of officials on ideas to help our economy. despite the fact that I am a voter I never even get a call back on my ideas. I work in business development in the media and I am very successful at driving business. It's very frustrating when you know you have ideas that an help and folks won't even take the time to pick the phone and call and say hey what's your idea. We as a state ad nation could rise quickly with the public more involved.

    Have a great 2009


  • February 28, 2009

    4:10 AM

    Vail Colorado writes:

    I think Colorado will be ok through this real estate downturn.

  • May 3, 2009

    6:51 AM

    mssmotorrd writes:

    It’s the first time I commented here and I must say you share us genuine, and quality information for bloggers! Good job.
    p.s. You have a very good template for your blog. Where did you find it?

  • August 26, 2010

    5:09 AM

    Bozeman General Contractors writes:

    Great post!

  • August 28, 2010

    9:56 AM

    Carlisle General Contractors writes:

    Good post, thanks

  • September 1, 2010

    12:36 AM

    Lancaster general contractors writes:

    Great post!

  • September 1, 2010

    4:37 AM

    Del Mar General Contractors writes:

    Excellent job.

  • September 7, 2010

    2:35 AM

    roderick writes:

    What exactly did you mean in the second sentance?

  • September 18, 2010

    1:56 AM

    Tyler General Contractor writes:

    Wonderful to read!

  • October 25, 2010

    5:05 PM

    Clement Vrable writes:

    The continued argument is not regarding why the economy failed, it's regarding who benefited - and at whose detriment. And, looking forward towards a remedy, Government has neither the financial nor other resources to considerably help increased employment, having bailed out the dysfunctional Wall Street speculative system.

  • April 8, 2011

    11:29 PM

    Replica Knockoffs Fake Handbags writes:

    Things have always been, if you want to be at the forefront of fashion, you have to be creative and able to design and sew. In other words, you have your own clothing, footwear and accessories. For those of us who have not the time or the ability to be as creative with our cabinets and accessories have items that people buy and design to create another, and the face of the fact that probably the same Replica Knockoffs Fake Handbags with dozens or even hundreds of others.

  • April 14, 2011

    5:29 AM

    Saul Ewen writes:

    I'm not sure why but this blog is loading extremely slow for me. Is anyone else having this issue or is it a issue on my end? I'll check back later on and see if the problem still exists.

  • April 23, 2011

    3:08 PM

    travel insurance writes:

    Glorious Web site! I wished to ask if I'd be capable of web site some of your net web page and use a couple of points for a term paper. Please drop me an e-mail if its ok or not. Thanks

  • May 12, 2011

    1:33 PM

    Belarus Guy writes:

    Thanks, I learned a lot for myself.

  • May 20, 2011

    12:02 AM

    Jacquiline Korff writes:

    hey there and thanks for the info -- I've undoubtedly found interesting things through your site. I nonetheless came across a few onsite problems using this website. I was thinking about if your web hosting service is fine? Not I'm complaining, but poor loading instances times might very likely influence your ranking in the search engines and can damage your high quality content on this site. Anyway I will be putting this RSS to my personal feed reader and will look for even more of your helpful posts..

  • June 5, 2011

    2:26 AM

    Baby Blog writes:

    Magnificent web site. Lots of useful information here. I’m sending it to a few friends ans also sharing in delicious. And of course, thanks for your sweat!

  • September 7, 2011

    11:09 AM

    Cheap Jordan shoes,Nike air max shoes,Supra Shoes,UGG Boots,CL pumps,Polo,Lacoste t-shirts,True Re writes:

    Great post. I was checking continuously this blog and I’m impressed! Extremely helpful information particularly the last part I care for such info much. I was looking for this particular information for a long time. I will keep the attention of your blog. Thank you and have a great day.

  • September 18, 2011

    1:49 AM

    http://www.mybility.co.uk/products writes:

    That or they may have a impulsive signing if the Red Sox move first. If they do, I just hope its not another Kei Igawa.

  • September 21, 2011

    12:58 PM

    make homemade wine writes:

    Heya i'm for the first time here. I came across this board and I find It really useful & it helped me out a lot. I hope to give something back and aid others like you aided me.

  • September 28, 2011

    7:30 AM

    Roger Kaminetzky writes:

    Katy Perry is about to set a new record previously held by Michael Jackson. If she manages to secure number one spot in the US singles chart she will become the first artist to have five number one singles from one album. Katy Perry is actually about to set a brand new record up until recently held by Michael Jackson.He If she is able to to lock down number 1 position in the Us of a singles chart she would grow to be the first singer to obtain 5 number 1 singles right from one album.

  • October 3, 2011

    8:47 AM

    casino en ligne writes:

    Hands down, Apple's app store wins by a mile. It's a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I'm not sure I'd want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.

  • October 8, 2011

    1:31 PM

    network solutions coupon writes:

    Totally amazing submitting! A great deal of valuable info and concepts, both of which teenagers need! Basically

  • October 8, 2011

    4:02 PM

    UK2 Group Coupons writes:

    expressing information we are going to wait furthermore for your brand-new article retain posting.

  • October 11, 2011

    4:55 AM

    Sadie Jeans writes:

    Hey, Wonderful job! This is very much helpful for my research and i hope to run through more of your posts someday! How i wish i can see you in person so i can get to know you more.

  • October 24, 2011

    12:21 AM

    monster headphones writes:

    try updating the sound drivers. also make sure the plug is plugged all the way in. if the problem is still there, try exchanging the headphones.

  • October 31, 2011

    3:24 AM

    Mini Prom Gowns writes:

    Her mother and some friends busily planned a bridal shower, keeping rebecca in the dark, of course.

  • October 31, 2011

    10:21 PM

    tarot gay writes:

    Apple now has Rhapsody as an app, which is a great start, but it is currently hampered by the inability to store locally on your iPod, and has a dismal 64kbps bit rate. If this changes, then it will somewhat negate this advantage for the Zune, but the 10 songs per month will still be a big plus in Zune Pass' favor.

  • November 5, 2011

    1:52 AM

    videncia writes:

    If you're still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you'll know which is right for you.

  • November 11, 2011

    1:20 AM

    Weglowodany writes:

    I rattling lucky to find this website on bing, just what I was searching for : D as well saved to my bookmarks .

  • November 14, 2011

    2:09 AM

    Tribulusy writes:

    Just wanna remark on few general things, The website design is perfect, the articles is very good : D.

  • November 17, 2011

    2:11 AM

    Avril Lavigne writes:

    Moving and potent! Youve surely got a way of reaching men and women that I havent seen very often. If a lot of people wrote about this subject with the eloquence that you just did, Im positive folks would do much more than just read, theyd act. Excellent stuff here. Please keep it up.

  • November 18, 2011

    6:01 AM

    tarot writes:

    I'll gear this review to 2 types of people: current Zune owners who are considering an upgrade, and people trying to decide between a Zune and an iPod. (There are other players worth considering out there, like the Sony Walkman X, but I hope this gives you enough info to make an informed decision of the Zune vs players other than the iPod line as well.)

  • November 19, 2011

    7:02 PM

    best accounting schools writes:

    This can be a intelligent weblog. I mean it. You've got so significantly information about this issue, and so a lot passion. You also know how to make individuals rally behind it, naturally from the responses. Youve got a design here thats not too flashy, but makes a statement as huge as what youre saying. Wonderful job, indeed.

  • November 20, 2011

    10:39 PM

    Plecaki Szkolne Allegro writes:

    You are a very clever person!

Join the discussion

Required (Will not be published or sold)