And will the Texas economy begin to turn around?
It was, he said, a consequence of problems in the Texas economy.
"But as we started to look around, it looked to us like the Texas economy would do extremely well over the next several years."
The Texas economy has been at low tide for probably three years.
The eastern wall depicts the development of the Texas economy.
More than 500,000 new jobs have been created since the Texas economy hit bottom late in 1986.
The Texas economy during the early and mid-1980s was volatile.
In the aftermath of the war the Texas economy declined for a period.
With high technology now driving the Texas economy, oil is no longer king.
But nonetheless, you look at the Texas economy, and it is in recovery.