Originally Posted by
critten
After the bust, it'll take a year or so to see more and more downsizing due to smaller companies going bankrupt(takes time). Everyone sees this coming and will strain the economy here...makes sense for united to not see growth coming. Lets just hope it doesn't get too out of hand.
The one silver lining in this gloomy scenario for Houston is that as the petro industry continues its contraction in this severe cyclical downturn, the residual elements of various companies consolidated what was left of their operations in Houston, atleast that was the pattern for many companies back in the industries devastating downsizing of the 1980s.