Banking on Sunshine States can have its dark clouds as well. California, Texas, and Florida are always impacted by the sun, but also withered. They are in some deep waters with some fiscal problems and growth of these states is diminishing. No one has any money. According to the loan rates, geography matters. States can slip into long term underperformance. Fiscal problems are serious in these states right now, and the rebound will be challenging. They defiently are at risk for tax increases which is nothing new to anyone. Hopefully we all get out of this recession and are succesfull in life, but that time is far from here I think.
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