There’s a big oil boom in western North Dakota. Using this interactive map from Forbes.com, I charted immigration into Williston, North Dakota for 2009 (the latest year available).
With it, you can start to see the boom starting to reach out across the country.
I can only imagine what this looks like with 2011 data … considering I have an MBA student blogging about his experiences as a wage migrant to Williston.
Here’s a very cool interactive map at Forbes.com that shows, by county, where immigrants came from (in blue), and where emmigrants went to (in red).
Here’s Iron County in 2005.
You can clearly see the inflows following I-15.
But, here’s 2009 (the latest year available):
What I find interesting is that the only place consistently drawing people from Cedar City is the Wasatch Front.
N.B. Also note the number of people moving to Vernal for the gas boom.
This is a tragedy waiting to happen. You are being warned.
If a private firm was doing this, there would be panic inside that firm, and investors would be bailing out of its equity. Underwriters and investment banks earn their keep, in large, by making sure that this almost never happens.
By contrast, the EFSF — which is only 18 months old, and was created in response to the previous cycle of predatory borrowing in Europe — is an organization that is supposed to prevent this happening for whole countries.
This is analogous to:
Talk about rationalization crossing over from neurosis to psychosis.
Word clouds from the Kaufmman Foundation’s quarterly survey of macroeconomics bloggers, reposted almost completely from Tim Kane’s Growthology.
These are drawn from (open) responses to the same question, asked each of the last six quarters.
