When a new year dawns, it's time to contemplate what lies ahead. So Hair Balls called UH professor Peter Bishop to talk about the future. Bishop specializes in long-term forecasting and planning. "What happens next year is already baked in the cake," he says.
Bishop says that if you read, you know that Houston has "a cushion because of the oil industry and the medical center. It's not recession-proof, but it's recession-resistant...It's my experience that our recessions happen to be shallower