THE ECONOMIC anticipations FOR individuals and firms can frequently be clearly observed in local economic data.

THE ECONOMIC anticipations FOR individuals and firms can frequently be clearly observed in local economic data. The situations in Salt Lake City, Utah, and Boise, Idaho, illustrate the point. from January 2002 job growth had ceased and regulation tax revenues were falling in these brace western metropolitan statistical

areas (MSAs). The cities' immediate requires were to stop the great flow of layoffs and reestablish profitable business-sales margins. There are, however, nagging pertain tos of possible structural shifts that could alter the anticipated business retrieval pattern.

A primary driver of economic germination is capital investment in