RE “State Collapse” –“”But not Oregon or Washington?”– They aren’t in the top

RE “State Collapse”
–“”But not Oregon or Washington?”–

They aren’t in the top 10.

But then, it’s is a list of GOVERNMENTS that will be completely insolvent without the capacity to go bankrupt – states have no way of going bankrupt as such they can only default.

The various other economies might shift for the worse, but they don’t have the debt that these five to.

I expect my home turf (greater seattle-redmond region) to get a kick in the backside on a scale not quite reaching that of boeing in the 70s. And I suspect a price correction in home values in the 30-40% range.

The problem with that prediction is the possible rate of adaptation of tech vs capital intensive industries. I’ve lived through the Boston tech correction. I expect this one to be about the same. But with more employee re-assignment at much lower income levels – just like we have seen at Microsoft of late. But on a much larger scale.

Other States have other problems. For example, Hawaii is screwed if disposable income goes down as expected, since it’s a tourist economy. Same for Nevada. On the other hand, Kentucky and a few others are screwed because they are dependent on federal subsidy that will equally come to an and for the same reason.

As we say, fiscal conservatism is simply the best choice at all times other than war.