The collapse of the dot.coms has cut real estate prices in San
Francisco, but the previous momentum is still pushing prices up
in Sacramento -- about 90 miles away. Chico prices -- about 160
miles from San Francisco -- seem to have leveled out, the
realators in the sauna tell me. Is there much information about
how recessions propagate across regions within a single economy?
I read about the synchronization of world economic cycles, yet
the lags seem relatively long, even within the N. Cal. economy.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
