Here in the metropolitan area, many analysts are predicting that a housing slowdown will bring about a regional recession.
Others say that investing too heavily in a single state makes a pension fund vulnerable to a regional or local recession.
"How will a Europe with the euro deal with regional recessions?"
In 1986-87, Utah experienced a serious regional recession brought on by declining energy commodity prices.
There is also the knowledge that rolling regional recessions at home combined into a national one sometime last autumn.
The seriousness of the regional recession is illustrated by the turnaround in the job situation.
Officials attribute the foreclosure problem to national and regional recessions in the past decade.
Nearly 100 years later, the enterprise closed during a regional economic recession in 1985.
But even into the 1980's, a collapse in oil prices could cause personal bankruptcies and a deep regional recession.
"We've been caught up in a regional recession and it has had the worst impact on unskilled workers."