The first 100 people who go to blinkist.com/ee will get unlimited access for one week to try it out. You'll also get 25% off if you want the full membership.
I'd call it a British Florida more so. You know with the beautiful reefs, hot but humid climate, wildlife (both flora and fauna) that everywhere you turn wants to kill you, the alligators, and the crazy people, the only difference is one is basically a capitalist Cuba and the other is a larger version of Alcatraz.
In all seriousness I love the videos here and that there is an actual community. Whether it be the discord or interacting with your fans, I genuinely enjoy this channel and its contents.
I like the way the videos are narrated and presented. Really good presentation. The actual analysis however, I don't think could be considered "good". EE gets away with it most of the time on single topic videos, due to their being relatively no comparisons present. This series of videos really brings the inconsistencies to light.
@Kevin Duggan I'm not just Dutch... I'm also Scottish, and all Kiwi. All good Kevin, my favorite place in the whole wide world is NZ. Feel free to come visit here, try n prove me wrong ;) Merry Christmas
It's STILL all good fun. 20 years later in history class: He is EE(Real name not spoken out of respect) the man who gave national identity to our non nation.
@@loki-of-asgard7877 true fracking isn't a bad thing, unless the person doing the fracking doesn't care about environmental damage to get what he wants.
@@whynotsa6866 Fracking also isn't really profitable, never really was and probably never will. It's insanely capital intensive and the wells go dry real fast. I think it's more like a political move against OPEC or Russia specifically. Or maybe just another market failure caused by free credit.
Texas is crazy huge! Took me like 13 hrs for me to cross the Top section of TX from Albuquerque back home to Kansas City. When I reached Oklahoma I was disappointed in how long it took ...SOOOO I put the hammer down and did 90 MPH in a super old 26 Foot UHaul ~ while towing 3K pounds 🤣🤣
Please do a video in any of these: 1. Economics of RCEP 2. Economics of Unregistered business ( which is a huge % in many developing countries ) 3. Economics of very small island countries ( by size )
Texas also has a geographic advantage in being “in the middle” of the US. If your business is on the east or west coast you’ve got to travel the whole length of the country to get to the opposite side. In Texas they only have to travel half the distance, and so does their logistics (input products etc) provided their inputs are coming from somewhere else in the US.
I live in Texas and it just depends on where you live. The south/south west region is like that plus cowboy boots. The central grassland area is like that plus a ton of guns. But the east side has a very small amount of guns and pretty much no cowboy boots and horses unless you live northeast
EE: Texas has a GSP of 1.9T, easily one of the largest economies the world has ever known while not even being a nation, and is the fastest growing State in the union, so naturally it gets below 8. Me living in Austin: Wut n' tarnation?
"... coal rollin' Austin..." I think you could've done a bit more research on Austin.. Austin is about as California as you can get in Texas. The motto is "Keep Austin weird" for a reason. It definitely is not like the rest of Texas and is a perfect place for Tesla.
I still believe the proposal to build a wall around Austin to keep the rest of us Texans safe from them is a necessary and noble endeavor... I can see the movie now. Kurt Russell is a rootin' tootin' cowboy stuck in downtown Austin surrounded by walls. He grows desperate as the locals keep trying to cram poorly made breakfast burritos down his gullet along side some weird juice. "GET AWAY FROM ME! I NEED MY BRISKET AND OIL!" Escape from Austin. xD
Here because you commented on this video in your just posted Netherlands video. I wanted to say I thought your coverage of Texas was great and one of my favorite videos!
As a Dallas, Texas born dude, it brings me great joy to see people finally starting to see the absolute power and value of our city and state. Dallas has a great vibe, design, and energy. We're a goldmine waiting to happen for larger companies wanting to find a new home.😎👌🏽
@Akash Guha Thakurata yeah Austin is very liberal for reference back in 2005 their county was the only one to vote against the ban on gay marriage so they have always been like that.
@@randomname1579 if you want a backwater run down hick town that literally still looks like a wild west movie set look no further than Lubbock. The university campus is the only thing that's green, everything else is a uniform shade of dirt brown and caked in dust from the dust storms
@@quisqueyanguy120 that is 100% false. Santa ana got rid of the mexican constitution and that started the revolution. The constitution is what made slavery illegal and Santa Ana basically made it legal again. Look up the 1812 flag that was flown at the battle of the Alamo. It's the mexican flag with 1812 on it. The year of the mexican constitution being formed and Texas didn't vote to leave mexico till after the battle of the Alamo and Goliad. After Santa Ana shot pows at Goliad and Austin tried to talk to Santa Ana before hostilities started. He was thrown in prison for two years for trying to work things out. Also only 1/3 of Texas population was from the united states. The rest were Tajanos and from other countries. The overwhelmingly majority being mexican citizens at the time and half of the army was Tajanos. Santa Ana was a dictator and spent 6 years conquering mexico. He then turned his attention to the territories.
Texas has tech booms in the past that went bust. Compaq, Dell and TI for example. It also was a big player in the telecom industry that also went bust. I think the problem vs silicon valley is that Texas had it's tech industry spread out among 3 cites, DFW, Houston and Austin versus crammed into one location. There is also a lot of misconceptions, for example I worked for a corporation that decided to relocate most of it's IT business to NC, because it was under the impression that the triangle park area was a hot bed of IT. What I tried but failed to get them to recognize for example that DFW had twice the number of IT workers and a long history of tech workers. Perceptions versus reality. Texas is a lot more than oil, always has been.
California's technology industry has a multi-decades long tradition of re-inventing itself through intense creativity. Texas industries are more about extracting money from things which already exist, be they crude oil or phone lines. I once heard Silicon Valley's secret desribed as mass scale "intellectual restlessness" .... the instinct driven by a burning need to always find a better way. This shows up in politics as well. The "progressive" mindset is "we can do better". The "conservative" mindset is "the old ways are great, don't mess with them."
Despite my Texan pride vs California, I think this is pretty spot on. Then again, my job includes driving all over the state and listening to how people are doing, mostly economically. People who stay in one part of the state probably see things very differently.
why is it that people are proud to be against other americans? use to be the nation was prideful of all americans and unified as one despite political views. now every red acts like blue arent americans and pat themselves on the back calling themselves "real patriots" what a joke america has become because of this mentality.
Texas is really pushing through renewable energy and people don't really know this because of oil.. Combine that with the number of people and companies moving in, I see a lot of growth in Texas.
I'm about to say - my family's long-term land investment was pillaged and ruined by the state's desire to turn every square inch of central Texas into a windmill farm, so I've been directly impacted by this lol
Whataburger Buc-ee's Dr. Pepper/7-up Blue Bell Texas Instruments Texas A&M Veterinary School Baylor Medical School Texas A&M College of Dentistry UT Southwestern Medical School Speaking of excelling in all things medical, University of Houston, I mean all things medicine and medical technology this is one of the leading top ten schools in the nation for medical, dental, biomedical engineering, orthotics & prosthetics, etc Home to Dallas Stars, Mavericks, Cowboys, Texas Rangers, and Houston Texans, Astros, FC Dallas and many minor league teams in every professional sport that people might watch on tv Speaking of TV, broadcasting studios for all the major news outlets here including Fox, ABC, CNN, etc.
@@thecrazed777 and yet we still love it. It's like saying, "I ate at that restaurant and I got robbed in the parking lot as I was leaving the place. Still though, best ribs in town... Minus two points for the robbery, 8/10 and I'm probably going back."
@@michaelcowling9928 no it’s more like saying the restaurant served you meat that had gone bad and it made you sick but you still want to go back. It was not an accident or random externality, they knowingly distributed tainted product.
@@noticedruid4985 He just makes sense but he hasn't been right about anything yet, he's actually been insanely wrong. You should see his predictions for the 2010s. Outside of predicting the EU starting to fall he way off on everything else.
@@sdprz7893 well he isn't right about everything ya I can agree. But he's been right on others, I agree with his talks about the United states and how they were given a golden goose by way of natural geography.
While Oil is a huge aspect of the Texas Economy. I think something a lot of people miss about the Texas Economy is the Healthcare industry. The Texas Medical Center in Houston is the Largest medical center in the World and that’s not mentioning the other large Medical Centers in San Antonio and Dallas.
As someone who has worked in healthcare throughout the northeast and in three Texas cities (Houston, San Antonio, El Paso) what Texas has done with healthcare far exceeds what you see in other states that have it has a big driver of their economy. Houston’s medical center and to a lesser extent San Antonio’s attract a lot of international patients and research dollars. As well those same medical centers attract students from across the country and world to study their which also brings labs and private enterprises that wish to be close to all those students, hospitals, and patients. Texas has really turned healthcare into something that may out last just taking care of the last generation. The only other city I have seen such agglomeration of research, academics, medical tourism, wellness would be Boston However Boston is much more research focused but Texas especially Houston may come to match that in coming years.
Actually, considering the gerrymandering and voter suppression that goes on with the decreasing distance between church and state and the influence of corporate interests, Texas is due for some democracy.
Texan here who has been following for a good 6 months. CHEERS M8. Stil in the commercials and have not seen what your analysis on my state is...... do me proud!
If he does Alabama I hope he goes far enough back in time to when the French colonized it explaining some of the culture there today. Fun Fact: Alabama off the ocean is more liberal than most give it credit for. In comparison, other bible belt states tend to be more conservative.
Alabama is a highly underrated state. Please don't spread the word, though, as I want to move there (from California) and not have house prices run up before I get there!
I did so much research when I graduated college to decide where I’m going to live. Texas was undeniably the best choice. The ratio of salaries to real estate was almost ideal. My salary would be more than enough to live a good life, buy a home, travel and save. The weather is awesome except from mid May to mid September. But even then the evenings are okay. I’ve never paid state taxes. The dating world is rich and diverse. I made solid friends within a year. Nature is gorgeous everywhere. Fire ants aside, I honestly couldn’t have made a better choice. I love Texas with all my heart ❤️
The fact that you can have a California and a Texas (let a lone the myriad of cities and regions) be so successful and so DIFFERENT shows you how incredibly dynamic the U.S. economy is. Other developed countries can't even come close to the flexibility, energy and resilience of the U.S. economy.
This is such an amazing channel. Amazing presentation of information as always, and for free! And the fact that this isn't in my curriculum is just disappointing. I find economics so interesting, and it's because of you! I very much appreciate every video that you make, and I'll always look forward to the next one. Keep up the awesome work! Yeeeeeeeeeeeeehaw bruuuther!
Good job! I am a high school social studies teacher in Texas and am planning to show this video next year because it explains our state economy better and in a more interesting way than I ever could. In the video, I thought you mentioned you made a video abut OPEC. Did I hear that correctly? If so, could you link me to it? Thank you for doing your best to explain a great deal of economic complexity!
Thank you for another fascinating video. Having lived and worked in both Texas and California I take a personal interest in your overview. As the economics leaderboard evolves, it would be interesting to include some metrics on educational attainment, worker re-skilling and up-skilling, as well as worker physical health. These factors have a major impact on economic performance over long time scales.
Just to mention: One thing I didn't hear was how California has been voting for more and more government programs over the last decades while Texas has a bit more of a conservative view on government size. It would be interesting to see a value breakdown on bonds from each of the states. Similar to what one would for for value investing in a publicly traded corporation but for the states. Thanks for your videos!
Howdy, my name is Rawhide Kobayashi. I'm a 27 year old Japanese Japamerican (western culture fan for you foreigners). I brand and wrangle cattle on my ranch, and spend my days perfecting the craft and enjoying superior American passtimes. (Barbeque, Rodeo, Fireworks) I train with my branding iron every day, this superior weapon can permanently leave my ranch embled on a cattle's hide because it is white-hot, and is vastly superior to any other method of livestock marking. I earned my branding license two years ago, and I have been getting better every day. I speak English fluently, both Texas and Oklahoma dialect, and I write fluently as well. I know everything about American history and their cowboy code, which I follow 100% When I get my American visa, I am moving to Dallas to work in an oil field to learn more about their magnificent culture. I hope I can become a cattle wrangler for the Double Cross Ranch or an oil rig operator for Exxon-Mobil! I own several cowboy hats, which I wear around town. I want to get used to wearing them before I move to America, so I can fit in easier. I rebel against my elders and seniors and speak English as often as I can, but rarely does anyone manage to respond. Wish me luck in America!
Wait, we have a dialect? Gotta be honest, when I moved to North Carolina I saw literally no change in how people talk, except maybe they use y'all a bit less.
At some point, I recommend doing the economy of Pennsylvania. Very interesting and weird, not the least because it is the state that first developed most of the big profitable industries (coal, oil, steel, computers, fruits, etc) but has then seen them migrate elsewhere and had to develop something else. What is next for PA? Also fun fact we make 80% of the United States pretzels apparently
I'm a marine brat, and I went to high school in California. Californians' attitude about Texas was so funny to me. I remember having a conversation with one of my classmates, and she was talking about how she wanted to move to Texas when she was an adult and graduated college. She then got very serious and made sure that I understood that Austin was the only place in the state she'd even consider moving to. I remember thinking, "Oh, well that's the last place in Texas I'd want to live." The general consensus I would get from Californians, no matter their age, was that they considered Texas and Texans to be racist with backwards politics and funny accents, even while they were all fleeing there to escape the high real estate prices of their home state. Personally, my politics don't line up with urban California, but I'm a tech nerd, and I've always loved how strong Texas's state identity is. So now I'm going to university in Texas. And Californians' attitudes about Texas are indeed reciprocated, especially considering the raising real estate prices. It's been interesting to live in one place for years and then settle down in the other. The rivalry is very real.
I'm old enough to remember when Texas A&M & University of Texas electrical engineering grads had to move to California if they wanted to be gainfully employed anyplace besides Texas Instruments & Dell. Many have moved back to Austin after being thoroughly liberalized in California.
As a Texan, I feel like Austin's burgeoning tech scene should have gotten more mention. Amazon nearly put a head quarters there, and google actually did
Why do people from Nevada say the name of their state like they all moved there from Boston? There are two proper pronunciations for Nevada. One that the locals and people in Boston use, and the one that everyone else uses.
@@ZoltronLaser i actually don't really know, maybe it has something to do with my state being accent neutral or no accent. When I ask people they just say "look, there is no o in Nevada, thats why"
The O sound referred to is really an “ah” sound so that the end of Nevada is pronounced with a long “ah” sound interrupted by a letter d: Ne vah d ah. Nev a d a is a colloquial pronunciation that seems to require just a little more effort to enunciate than Ne vah d ah.
Kinda suprised there was no mention of Texas Instruments and Texas's major role in the semiconductor industry. TI alone holds 45,000 patents worldwide and is one of the ten largest semiconductor companies in the world.
I got pulled over in Texas shortly after relocating there from California by way of Wyoming in 2000. State Trooper in his ten-gallon hat dryly asked for my drivers license. His got really excited when he saw my Wyoming driver’s license. “Man, Wyoming is like little Texas - energy, cattle, open space, bbq, Bush-Cheney!…Have a great day, man!” Still have no idea why he pulled me over…probably the California license plate
I'm an Okie that loves Texas:) All my family is in Grapevine so my wife and I are down there a few times a year. Looking forward to watching a few ball games in the new Globe Life Field!
HAHAHAHAHAHA.....Some coworkers of mine came into to town for SXSW, and one night as they were getting out of an Uber to get to their AirBnb, they walked across the yard of a traditional resident of East Austin. He promptly opened the door and shouted at them, "You gonna mow my lawn while you're at it??" They told me this story the next day and were like, "I have no idea what that guy's problem was, it's not like his lawn was even well maintained." I just put my forehead in my hand and sighed. I don't know to unpack that one. Although, I feel like there's a little more back and forth between Portland. I'd replace Portland with NYC
@@courtneybrock1 they just walk across someone's property and think the guy yelling at them is the problem? That's really weird to me. You'd never do that where I live. Leave people's stuff alone.
The other reason, maybe slightly more important, Texas can get away with no state income tax is that we pay a lot in property taxes. Especially if you live on the outskirts of a city with some acreage, but are in an expensive county.
If you live in exurbia, you probably have a septic system, which requires at least one acre. In the last couple years, many Texas home owners have been hit with higher assessed values on the land that their house sits on. My property had been assessed at $10,000 for years, but its now assessed at many multiples of that, and next year it will be valued at who knows what? All the big Texas cities assess properties at near the maximum that the state allows. Some of these 1 acre properties may be subdivided sometime in the future when sewage systems are constructed. In 2020 its as if the property itself is a luxury.
After the downturn of the 80s Houston decided to diversify. We stopped being just an oil town. We have a large medical system that employs approximately 90,000 people per day. Almost a small city and that doesn't include the patients. There is also the banking industry. So there's oil, oil refineries, medicine, and banking. So many people are moving here. And they are always shocked by the size and the weather.
"or if you want to read something more intelligent..." This man literally just insulted the entire comments section and yes, we still love him. Great video but texas>cali😂
I clicked in texan. This is quite an interesting one man. Also, the score for texas needs to be moved up .8 because we have most of the mexican food influence plus texas bbq and soul food.
As a norwegian, i'm highly doubtful texas really noticed the quantities of oil we pumped up. Maybe in conjunction with the other OPEC nations, but not alone. Don't make us out to be a bigger deal than we are.
Texas resident here I know several people from here in Houston who traveled to Norway on a regular basis to work on Norwegian oil fields my family was given the opportunity but we decided to stay for family reasons.
Penny saved with time becomes pounds Pounds saved with time becomes millions Millions saved with time becomes billions Billions invested in stock and Crypto with time becomes wealth. Play smart today💯
They always mean spot price, not the price of a round or coin. Spot price has more to do with buying large volumes, such as 1000 oz comex bars. You can't expect to get the same price as that when buying only one or two ounces. So for anybody still thinking of financial security I would say Buy Tesla stock and crypto 💯
Wise words, This could be the wisest word I've heard, you got my points 👍 $40 Silver by end of the year? Spot Price or with Premium included? Because the going rate for generic rounds is currently around $33 per ounce already. 🚀🚀🚀🥈🥈🥈
@@sandybarnes887 yup the texas anthem. All people born in texas learn this song it's taught in every school to this day. You can sing that drunk in a bar and everyone will sing it
Now it’s, “The wind turbine lights are big and bright 👏👏👏👏 deep in the heart of Texas!” Driving through Texas at night looking at the horizon filled with other worldly lights hovering over the ground was really kinda creepy and unnatural feeling. Oh well. Progress....
Texas has 3 large metro areas. Though there is some overlap, here in Houston, the economy is still predominantly oil and gas, with medical a distant second (but closing that gap). There are tons of software and finance firms out here, but largely those are still heavily reliant on the oil sector. Dallas, on the other hand, is more of a financial hub, and Austin is rapidly growing its tech center. Some of this info may be a few years out dated, but those were the trends last time I looked. So, as a whole, I think the assertions line up, but people considering these trends should be aware of the bit of nuance of each of the major metros.
The tech jobs that used to be in Austin seemed to be jobs at tech companies, and far less tech jobs at tech companies. Its getting a lot more tech jobs at tech companies now. I say this as a CS major just looking at who is hiring interns, as offices don't hire interns unless they are serious about being there.
Dallas is actually a huge tech center and game development center too. It's definitely not a silicon valley though, and definitely behind Austin, but still a decent tech industry compared to, say, Houston
I think he meant total population growth as in the number. 15% of 30 million is a lot bigger than even 20% of 15 million (and Idaho and Utah combined have less than a 1/3 of that whereas I'm undershooting texas)
As a resident of Dallas, I don’t think a good amount of your stock footage in this video is actually Texas. The home you showed as a typical Dallas home for $600,000 is almost certainly not in Dallas. However, props for the great aerial views of Dallas- we’re a pretty underrated city, it’s nice to get some attention.
OPEC was actually founded by a dude from Saudi Arabia who did an internship with the Texas Railroad Commission, which had been capping oil production to set prices since 1919.
california if it was independent would probably die within a year due to being trillions in debt, and after a couple of months/a few years, would probably beg the US to annex it back, it could not function as a country on its own
If you have the time, it would be interesting to make a video on Enron and its economic impact on the USA from the introduction of SOX and the giant collapse
I now live in Texas from Illinois. The taxes are much more than I thought they would be. Yes there is no income tax but the property, sales, and other taxes are the same or more. That means my effective tax rate is barely lower than Illinois where they had a 5% income tax rate (at the time I left). Idk how much of the states budget is funded from oil but it doesn't seem to be that much in my personal subjective experience.
Canada/Alberta wants to "diversify" so we are going to kill our oil business first and hope other businesses find us attractive. Funny how Texas can KEEP their vibrant oil business and also lead the US in renewable energy...
@@hotdrj Texas is not landlocked like Alberta. Most of Alberta's oil export problem have to do with transport. Keystone, Trans-Mountain and Energy East all fell under the green lobby and NIMBYs.
The first 100 people who go to blinkist.com/ee will get unlimited access for one week to try it out. You'll also get 25% off if you want the full membership.
Are we ever going to get an episode on Australian States? A video about Victoria would be cool
What about the first 100 people to YEEEEEEHAWWWWW
Do you have a discount code off of a website that has videos of Biden sniffing children; and him saying cooky things ?
Do Tennessee next, it a weird state.
@@bobthebuilder9339 no do Oregon, it’s the weirdest State of all
Y’know, Australia is just British Texas
Howdy from Texas 👋 🤠
yeah thats about right
But who is Texas' Texas?
But with higher taxes and a often unworkable level of gun control that prevents farmers and most rural people from just getting on with stuff
@@henk-3098 Oklahoma!
I'd call it a British Florida more so. You know with the beautiful reefs, hot but humid climate, wildlife (both flora and fauna) that everywhere you turn wants to kill you, the alligators, and the crazy people, the only difference is one is basically a capitalist Cuba and the other is a larger version of Alcatraz.
In all seriousness I love the videos here and that there is an actual community. Whether it be the discord or interacting with your fans, I genuinely enjoy this channel and its contents.
thanks mate that feels great to hear :)
I like the way the videos are narrated and presented. Really good presentation. The actual analysis however, I don't think could be considered "good".
EE gets away with it most of the time on single topic videos, due to their being relatively no comparisons present. This series of videos really brings the inconsistencies to light.
Me, a Texan, listening to an Australian to learn how my State's economy works.
At least you are bettering yourself.
Me to
In order to see how's your household is doing. You need to ask your neighbor lol
Crazy but...the study of economics isn't exclusive to Texans, and doesn't apply to just Texans
Same ahahaha
The Dutch economy analysis brought me here. Thanks EE, top notch channel.
Same here
Hahaha same
Are you me? I also came from that video
@@blestwynnz6634 Yes I am also you, guilty as charged, we need a shower and to get a hair cut asap.
@Kevin Duggan I'm not just Dutch... I'm also Scottish, and all Kiwi. All good Kevin, my favorite place in the whole wide world is NZ. Feel free to come visit here, try n prove me wrong ;) Merry Christmas
It's STILL all good fun.
20 years later in history class: He is EE(Real name not spoken out of respect) the man who gave national identity to our non nation.
shhhh, don't give away the plan
@@EconomicsExplained sorry sir, please don't neuralyze me, sir
California wants to be independent too, lol
"Gave national identity"? Clearly, you are not a native Texan. We've identified as Texan before American since before I was born.
@@NotHPotter what does he mean by non nation? Our capitol is better than most other country capitols lol
EE: "The economy of Texas relies heavily on fracking... and shows signs of *cracks in its foundation* ."
I see what you did there! :)
I don't see fracking as a bad thing, but love the pun. Lol
@@loki-of-asgard7877 true fracking isn't a bad thing, unless the person doing the fracking doesn't care about environmental damage to get what he wants.
haha to be honest this was entirely unintentional
@@whynotsa6866
Fracking also isn't really profitable, never really was and probably never will. It's insanely capital intensive and the wells go dry real fast.
I think it's more like a political move against OPEC or Russia specifically. Or maybe just another market failure caused by free credit.
@@andrasbiro3007 I did some glance at some headlines behind it. Tho its gonna be hard to convince the greedy
To be fair about Austin, it's in many ways about as California as a place in Texas can get
Texas likes to collect all its wierdos in one place.
In Houston, people like to call Austin our own little slice of the west coast.
@@badluck5647 California likes to too. It's called Silicon Valley.
@@kebha6308 Even the rent's starting to push up to California levels
Texans absolutely hate Cali people in Austin.
I drove from Houston - San Antonio - Austin - Dallas - and back to Louisiana in 3 days last year. Really underestimated the size of the state.
Texas is crazy huge! Took me like 13 hrs for me to cross the Top section of TX from Albuquerque back home to Kansas City. When I reached Oklahoma I was disappointed in how long it took ...SOOOO I put the hammer down and did 90 MPH in a super old 26 Foot UHaul ~ while towing 3K pounds 🤣🤣
Too bad you shorted yourself on the back half. Well, there's next time.
You can just about fit France inside of Texas, more or less.
Old saying from people traveling through Texas "The sun has risen, the sun has set, still here I am in Texas, yet"
We don't drive in miles, we drive in hours
A turtle has approved this message.
thank goodness, I thought for a while there it was going to go unapproved.
This is the same one from Finding Nemo right?
Praise be to maturin
Thank you, congressman McConnell
Nice
Please do a video in any of these:
1. Economics of RCEP
2. Economics of Unregistered business ( which is a huge % in many developing countries )
3. Economics of very small island countries ( by size )
Also taxation in developing countries
Loving the future potential videos
Yeah
For your second point: ruclips.net/video/wDzZD_YF_Wk/видео.html
Good list. I was looking for the RCEP explained video when I found this one today.
You have yeed your last haw.
hahaha, I don't know why I find this so funny
YEEEEEEEEEEEEEEEHAAAAAAAAAAAAAAAAW
@@EconomicsExplained economics of chicken
Hilarious!
@@pinkynandi8894 chicken? I always thought Texans were more known for raising cattle and horses.
Texas also has a geographic advantage in being “in the middle” of the US. If your business is on the east or west coast you’ve got to travel the whole length of the country to get to the opposite side. In Texas they only have to travel half the distance, and so does their logistics (input products etc) provided their inputs are coming from somewhere else in the US.
But this was covered in the video
In the middle of the country with port access as well.
Always thought Texas' economy was purely on steak, bud light, grills, and guns.
They are the only things that matter, so you're forgiven for thinking thay
No, that's just what the people are made of.
I live in Texas and it just depends on where you live. The south/south west region is like that plus cowboy boots. The central grassland area is like that plus a ton of guns. But the east side has a very small amount of guns and pretty much no cowboy boots and horses unless you live northeast
And diesel
@@jeez5735 the central grassland area sounds like the best
The Economy of the Yee-Haw!
EE: Texas has a GSP of 1.9T, easily one of the largest economies the world has ever known while not even being a nation, and is the fastest growing State in the union, so naturally it gets below 8.
Me living in Austin: Wut n' tarnation?
That's a lot of Global Smash Power.
Yeah I was really surprised he only gave an 8/10 for growth in particular. Like. how much more growth do you need to hit 10/10?
@@aaronrobinson2121 Is 8/10 effectively the max for the States? Bc I don't see a state growing faster than Texas
@@aaronrobinson2121 Vietnam got a 10 in growth since is the fastest growing economies in the world.
Great 👍 point Mike!
"... coal rollin' Austin..." I think you could've done a bit more research on Austin.. Austin is about as California as you can get in Texas. The motto is "Keep Austin weird" for a reason. It definitely is not like the rest of Texas and is a perfect place for Tesla.
I still believe the proposal to build a wall around Austin to keep the rest of us Texans safe from them is a necessary and noble endeavor...
I can see the movie now. Kurt Russell is a rootin' tootin' cowboy stuck in downtown Austin surrounded by walls. He grows desperate as the locals keep trying to cram poorly made breakfast burritos down his gullet along side some weird juice. "GET AWAY FROM ME! I NEED MY BRISKET AND OIL!" Escape from Austin. xD
i live in austin suburbs and agree the city is very werid
Yeah. Some Texans call Austin our own little slice of the west coast.
@@kebha6308 ye
I agree this was probably his biggest miss on the video. Austin is as much california than it is texas.
Here because you commented on this video in your just posted Netherlands video.
I wanted to say I thought your coverage of Texas was great and one of my favorite videos!
As a Dallas, Texas born dude, it brings me great joy to see people finally starting to see the absolute power and value of our city and state. Dallas has a great vibe, design, and energy. We're a goldmine waiting to happen for larger companies wanting to find a new home.😎👌🏽
“Coal rolling Austin”... lol, I don’t think you know Austin
Few people outside of the US have heard of Austin.
@Akash Guha Thakurata yeah Austin is very liberal for reference back in 2005 their county was the only one to vote against the ban on gay marriage so they have always been like that.
Basically the only yehaa you see in Texas is the rural areas and southern border. The texas triangle is really mixed
@@randomname1579 if you want a backwater run down hick town that literally still looks like a wild west movie set look no further than Lubbock. The university campus is the only thing that's green, everything else is a uniform shade of dirt brown and caked in dust from the dust storms
I know, right. Austin is like a liberal paradise in a conservative wasteland.
Santa Anna: All your base are belong to us
Texas: Hold my brisket
Unpopular opinion: Texas started its war of independence because the Mexican Republic banned slavery in 1829.
@@quisqueyanguy120 that's a fact not opinion
@@internetperson3436 also the forced catholic conversions and letting them be fodder for Native American raids, also taxes.
@@quisqueyanguy120 that is 100% false. Santa ana got rid of the mexican constitution and that started the revolution. The constitution is what made slavery illegal and Santa Ana basically made it legal again. Look up the 1812 flag that was flown at the battle of the Alamo. It's the mexican flag with 1812 on it. The year of the mexican constitution being formed and Texas didn't vote to leave mexico till after the battle of the Alamo and Goliad. After Santa Ana shot pows at Goliad and Austin tried to talk to Santa Ana before hostilities started. He was thrown in prison for two years for trying to work things out. Also only 1/3 of Texas population was from the united states. The rest were Tajanos and from other countries. The overwhelmingly majority being mexican citizens at the time and half of the army was Tajanos. Santa Ana was a dictator and spent 6 years conquering mexico. He then turned his attention to the territories.
@@quisqueyanguy120 no, it's because something about him becoming a dictator or something, then some cannon was stolen or something . . .
I agree that being 175 years old is mature
If you aren't 80 years old are you even an adult amirite.
EE: Our Texas video performed poorly
Me: Well. Guess I’ve gotta go watch it
legit
Same
Yeah
Same
For some perspective, the size of the Texan economy is equal to the size of Canada's economy. California's is as big as the UK!
The last time I was this early, this place was officially a part of Mexico, dotted by English speaking settlers.
You can take a Texan out of Texas, but you can’t take the Texas out of a Texan.
Proud Texan here, living in Nevada. 🤠
@Fresh Turkey Never going to happen.
Keep Nevada Great!
Eww
Neat
@@BeanDar wut
You didn't mention the difference in spending between Texas and California on a per person basis, it's not just about revenue.
Texas has tech booms in the past that went bust. Compaq, Dell and TI for example. It also was a big player in the telecom industry that also went bust. I think the problem vs silicon valley is that Texas had it's tech industry spread out among 3 cites, DFW, Houston and Austin versus crammed into one location. There is also a lot of misconceptions, for example I worked for a corporation that decided to relocate most of it's IT business to NC, because it was under the impression that the triangle park area was a hot bed of IT. What I tried but failed to get them to recognize for example that DFW had twice the number of IT workers and a long history of tech workers. Perceptions versus reality. Texas is a lot more than oil, always has been.
MCI was a thing, completely forgotten now - even as a bad example.
TI is still around doing its thing.
California's technology industry has a multi-decades long tradition of re-inventing itself through intense creativity. Texas industries are more about extracting money from things which already exist, be they crude oil or phone lines. I once heard Silicon Valley's secret desribed as mass scale "intellectual restlessness" .... the instinct driven by a burning need to always find a better way. This shows up in politics as well. The "progressive" mindset is "we can do better". The "conservative" mindset is "the old ways are great, don't mess with them."
Despite my Texan pride vs California, I think this is pretty spot on. Then again, my job includes driving all over the state and listening to how people are doing, mostly economically. People who stay in one part of the state probably see things very differently.
why is it that people are proud to be against other americans? use to be the nation was prideful of all americans and unified as one despite political views. now every red acts like blue arent americans and pat themselves on the back calling themselves "real patriots" what a joke america has become because of this mentality.
Texas is really pushing through renewable energy and people don't really know this because of oil.. Combine that with the number of people and companies moving in, I see a lot of growth in Texas.
I'm about to say - my family's long-term land investment was pillaged and ruined by the state's desire to turn every square inch of central Texas into a windmill farm, so I've been directly impacted by this lol
@@cinemint did you sell it
@@thewildcardperson they forced us to sell it for about a thousand dollars
SB 13 says otherwise
Another incredible asset in TX: Blue Bell Ice Cream 🍨 🛎.
Whataburger
Buc-ee's
Dr. Pepper/7-up
Blue Bell
Texas Instruments
Texas A&M Veterinary School
Baylor Medical School
Texas A&M College of Dentistry
UT Southwestern Medical School
Speaking of excelling in all things medical, University of Houston, I mean all things medicine and medical technology this is one of the leading top ten schools in the nation for medical, dental, biomedical engineering, orthotics & prosthetics, etc
Home to Dallas Stars, Mavericks, Cowboys, Texas Rangers, and Houston Texans, Astros, FC Dallas and many minor league teams in every professional sport that people might watch on tv
Speaking of TV, broadcasting studios for all the major news outlets here including Fox, ABC, CNN, etc.
Best Vanilla in the freezer section.
Blue Bell knowingly poisoned their customers and some died.. yuck.
@@thecrazed777 and yet we still love it. It's like saying, "I ate at that restaurant and I got robbed in the parking lot as I was leaving the place. Still though, best ribs in town... Minus two points for the robbery, 8/10 and I'm probably going back."
@@michaelcowling9928 no it’s more like saying the restaurant served you meat that had gone bad and it made you sick but you still want to go back. It was not an accident or random externality, they knowingly distributed tainted product.
Since you've already done Norway and Sweden, do Finland. We need another score to fight over with them.
Hey EE, I’m one of the ones who requested this video. Thank you for listening!
As Peter Zeihan has said before; after decades of lobbying, we can expect the next big climate change/intl energy agreement will be signed in Texas
Zeihan becoming mainstream now huh
@@Bobelponge123 well he is kinda right in alot of ways of you have seen any of his talks.
NoticeDruid yeah lol he seems right about everything except Russia invading poland
@@noticedruid4985 He just makes sense but he hasn't been right about anything yet, he's actually been insanely wrong. You should see his predictions for the 2010s. Outside of predicting the EU starting to fall he way off on everything else.
@@sdprz7893 well he isn't right about everything ya I can agree. But he's been right on others, I agree with his talks about the United states and how they were given a golden goose by way of natural geography.
While Oil is a huge aspect of the Texas Economy. I think something a lot of people miss about the Texas Economy is the Healthcare industry.
The Texas Medical Center in Houston is the Largest medical center in the World and that’s not mentioning the other large Medical Centers in San Antonio and Dallas.
Very little of the Medical industry is a productive. For the most part it is civilizational overhead.
@@rightwingsafetysquad9872 more so a service
As someone who has worked in healthcare throughout the northeast and in three Texas cities (Houston, San Antonio, El Paso) what Texas has done with healthcare far exceeds what you see in other states that have it has a big driver of their economy. Houston’s medical center and to a lesser extent San Antonio’s attract a lot of international patients and research dollars. As well those same medical centers attract students from across the country and world to study their which also brings labs and private enterprises that wish to be close to all those students, hospitals, and patients. Texas has really turned healthcare into something that may out last just taking care of the last generation. The only other city I have seen such agglomeration of research, academics, medical tourism, wellness would be Boston However Boston is much more research focused but Texas especially Houston may come to match that in coming years.
"Texas has oil"
"they need democracy!!!"
"ohhh... wait..."
LOLOLOLOL
they already gave it to them in 1845 even before oil was found - they were way ahead of the game
Actually, considering the gerrymandering and voter suppression that goes on with the decreasing distance between church and state and the influence of corporate interests, Texas is due for some democracy.
@@lozoft9 The stuff that's gone down in Harris county is just shameful.
@@raghuvenkatesan6792 american thirst for oil breaks space-time continuum
Texan here who has been following for a good 6 months. CHEERS M8. Stil in the commercials and have not seen what your analysis on my state is...... do me proud!
How about a video about one of these left-over US states like Alabama?
As a negative example?
If he does Alabama I hope he goes far enough back in time to when the French colonized it explaining some of the culture there today. Fun Fact: Alabama off the ocean is more liberal than most give it credit for. In comparison, other bible belt states tend to be more conservative.
Alabama is a highly underrated state. Please don't spread the word, though, as I want to move there (from California) and not have house prices run up before I get there!
@@krisa5896 Then a video about the economy of Alabama would make even more sense.
@@mikedresel731 It would. I just don't want the secret to get out! :)
@@Danielle_1234 is it more liberal than Georgia?
Leaving a comment for the RUclips algorithm.
I did so much research when I graduated college to decide where I’m going to live. Texas was undeniably the best choice. The ratio of salaries to real estate was almost ideal. My salary would be more than enough to live a good life, buy a home, travel and save. The weather is awesome except from mid May to mid September. But even then the evenings are okay. I’ve never paid state taxes. The dating world is rich and diverse. I made solid friends within a year. Nature is gorgeous everywhere. Fire ants aside, I honestly couldn’t have made a better choice. I love Texas with all my heart ❤️
Me a Houstonian hearing somebody say the weather is "awesome" after experiencing a month of 100+ degree heat.
Born and raised Texan here. Thank you for making a video on the best U.S state.
Arizona is better
The fact that you can have a California and a Texas (let a lone the myriad of cities and regions) be so successful and so DIFFERENT shows you how incredibly dynamic the U.S. economy is.
Other developed countries can't even come close to the flexibility, energy and resilience of the U.S. economy.
Never in my life I have arrived so early.
edit: i was so early that i forgot to yeehaw
@Martin you will if you saw my daily schedule
I moved to Texas before everyone started moving here
I real Texan hipster I see
The first Texan
Must have been rough fending off the Comanche.
@@EconomicsExplained The first Texan hipster
There's a tear in my beer and I'm crying for you dear.
I love how Texas thinks it's so big and Australia is just like: "What, mate?"
and yet texas has a higher population than Australia
@@ashtoonian9481 and it isnt a country lol
Texas has a bigger GDP.
@@ssik9460 2/3 bhai
@@nafismubashir2479 parthokkho ki?
You've opened a door now with your state leaderboard. With that said I think that a video about Michigan is absolutely crucial.
This is such an amazing channel. Amazing presentation of information as always, and for free! And the fact that this isn't in my curriculum is just disappointing. I find economics so interesting, and it's because of you! I very much appreciate every video that you make, and I'll always look forward to the next one. Keep up the awesome work!
Yeeeeeeeeeeeeehaw bruuuther!
Good job! I am a high school social studies teacher in Texas and am planning to show this video next year because it explains our state economy better and in a more interesting way than I ever could. In the video, I thought you mentioned you made a video abut OPEC. Did I hear that correctly? If so, could you link me to it?
Thank you for doing your best to explain a great deal of economic complexity!
Thank you for another fascinating video. Having lived and worked in both Texas and California I take a personal interest in your overview. As the economics leaderboard evolves, it would be interesting to include some metrics on educational attainment, worker re-skilling and up-skilling, as well as worker physical health. These factors have a major impact on economic performance over long time scales.
Where's my fellow Texans at?
Currently in San Antonio :P
@@mattbowdenuh Same lol
Moved to Colorado because I hate the Texas heat. I wish Texas had the climate and mountains of Colorado, then I'd still be there
@@dodobeebee7352 but you do get days in the 70s in november. Like today, 76 in San Antonio. But ya, the 4 months straight of 100 can wear on ya.
Who's up for kolaches and barbacoa?
I think MD Anderson Cancer Center may very well be the cancer curing hub in the next 30-50 years or so. YEEHAWW
uhh okay?
@@henk-3098 If you had or have cancer, this would be news
My Dad went there when he had cancer and they are amazing!
@@qq3088 sure, but it has nothing to do with this video.
Sir yes sir. Any Coogs in the house? Go Coogs!
Just to mention: One thing I didn't hear was how California has been voting for more and more government programs over the last decades while Texas has a bit more of a conservative view on government size. It would be interesting to see a value breakdown on bonds from each of the states. Similar to what one would for for value investing in a publicly traded corporation but for the states.
Thanks for your videos!
Wow you covered my home state! Loved the channel man. I’m joining the Patreon! Keep it up!
Howdy, my name is Rawhide Kobayashi. I'm a 27 year old Japanese Japamerican (western culture fan for you foreigners). I brand and wrangle cattle on my ranch, and spend my days perfecting the craft and enjoying superior American passtimes. (Barbeque, Rodeo, Fireworks) I train with my branding iron every day, this superior weapon can permanently leave my ranch embled on a cattle's hide because it is white-hot, and is vastly superior to any other method of livestock marking. I earned my branding license two years ago, and I have been getting better every day. I speak English fluently, both Texas and Oklahoma dialect, and I write fluently as well. I know everything about American history and their cowboy code, which I follow 100% When I get my American visa, I am moving to Dallas to work in an oil field to learn more about their magnificent culture. I hope I can become a cattle wrangler for the Double Cross Ranch or an oil rig operator for Exxon-Mobil! I own several cowboy hats, which I wear around town. I want to get used to wearing them before I move to America, so I can fit in easier. I rebel against my elders and seniors and speak English as often as I can, but rarely does anyone manage to respond. Wish me luck in America!
Is this a Simpsons joke?
Wait, we have a dialect? Gotta be honest, when I moved to North Carolina I saw literally no change in how people talk, except maybe they use y'all a bit less.
At some point, I recommend doing the economy of Pennsylvania. Very interesting and weird, not the least because it is the state that first developed most of the big profitable industries (coal, oil, steel, computers, fruits, etc) but has then seen them migrate elsewhere and had to develop something else. What is next for PA? Also fun fact we make 80% of the United States pretzels apparently
I'm a marine brat, and I went to high school in California. Californians' attitude about Texas was so funny to me. I remember having a conversation with one of my classmates, and she was talking about how she wanted to move to Texas when she was an adult and graduated college. She then got very serious and made sure that I understood that Austin was the only place in the state she'd even consider moving to. I remember thinking, "Oh, well that's the last place in Texas I'd want to live." The general consensus I would get from Californians, no matter their age, was that they considered Texas and Texans to be racist with backwards politics and funny accents, even while they were all fleeing there to escape the high real estate prices of their home state.
Personally, my politics don't line up with urban California, but I'm a tech nerd, and I've always loved how strong Texas's state identity is. So now I'm going to university in Texas. And Californians' attitudes about Texas are indeed reciprocated, especially considering the raising real estate prices.
It's been interesting to live in one place for years and then settle down in the other. The rivalry is very real.
I'm old enough to remember when Texas A&M & University of Texas electrical engineering grads had to move to California if they wanted to be gainfully employed anyplace besides Texas Instruments & Dell. Many have moved back to Austin after being thoroughly liberalized in California.
Texas has been great to me and my family.
The best economies in my opinion are the ones that are able to hold their own even when times get tough.
Hello from Canadian Texas. If we in Alberta don't figure out how to diversify our oil-based economy, we'll be the next Detroit.
As a Texan, I feel like Austin's burgeoning tech scene should have gotten more mention. Amazon nearly put a head quarters there, and google actually did
tesla now moving their hq to austin
not to mention arguably the best cancer center in the world (MD Anderson - Houston) and just incredible healthcare centers across the state.
@@sisk22 who would've ever thought Houston and Dallas had the Largest Medical districts in the nation and world.
Google actually didn't... The Austin office is relatively small. The two largest offices are the Bay Area and NYC.
How does it feel to be the smartest guy on the block? No one else explains the fundamentals like you do. Thanks!!
EE: says "Nevoda"
Nevadans watching this: *_stop_*
It's not Spanish nor Portuguese nor Frisian nor Chinese! It's just American and it sounds similar.
Why do people from Nevada say the name of their state like they all moved there from Boston? There are two proper pronunciations for Nevada. One that the locals and people in Boston use, and the one that everyone else uses.
@@ZoltronLaser i actually don't really know, maybe it has something to do with my state being accent neutral or no accent. When I ask people they just say "look, there is no o in Nevada, thats why"
The O sound referred to is really an “ah” sound so that the end of Nevada is pronounced with a long “ah” sound interrupted by a letter d: Ne vah d ah. Nev a d a is a colloquial pronunciation that seems to require just a little more effort to enunciate than Ne vah d ah.
"You should never go all in on a single hand, no matter how good your cards are..." - Mate, have you ever played no limits Texas Holdem?
Kinda suprised there was no mention of Texas Instruments and Texas's major role in the semiconductor industry. TI alone holds 45,000 patents worldwide and is one of the ten largest semiconductor companies in the world.
I got pulled over in Texas shortly after relocating there from California by way of Wyoming in 2000. State Trooper in his ten-gallon hat dryly asked for my drivers license. His got really excited when he saw my Wyoming driver’s license. “Man, Wyoming is like little Texas - energy, cattle, open space, bbq, Bush-Cheney!…Have a great day, man!” Still have no idea why he pulled me over…probably the California license plate
The dislikes are bitter Okies.
Ok*****a
I am liking this so that the number of likes(on this comment) may be the same as the number of dislikes(on the video).
I'm an Okie that loves Texas:) All my family is in Grapevine so my wife and I are down there a few times a year. Looking forward to watching a few ball games in the new Globe Life Field!
As an oklahoman, You ain't wrong lol.
And liberals that hate liberty and think white people are racist 🙄
I live in Texas. I have a job in IT/Engineering and I built a comfortable life here.
"This! Is Texas." I've been waiting to hear this Aussie say these words for too long!
"If the USA can be called a controlled environment". I've never laughed so hard in a while 😂
What's the joke here?
@@jai-kk5uu That it isnt
@@jai-kk5uu The United States. That's the joke.
It's so well controlled we don't even get real elections anymore!
@@fnamelname9077 Lol, true that.
Fun fact, in Texas it is considered self defense to shoot someone who says they’re from Portland or San Francisco.
Of course it is RWSS!
I don't think that's a fact
I love how they start to run if you open carry your "Assault Rifle"
HAHAHAHAHAHA.....Some coworkers of mine came into to town for SXSW, and one night as they were getting out of an Uber to get to their AirBnb, they walked across the yard of a traditional resident of East Austin. He promptly opened the door and shouted at them, "You gonna mow my lawn while you're at it??" They told me this story the next day and were like, "I have no idea what that guy's problem was, it's not like his lawn was even well maintained." I just put my forehead in my hand and sighed. I don't know to unpack that one. Although, I feel like there's a little more back and forth between Portland. I'd replace Portland with NYC
@@courtneybrock1 they just walk across someone's property and think the guy yelling at them is the problem? That's really weird to me. You'd never do that where I live. Leave people's stuff alone.
This is making me think a video on OPEC would be a really interesting one
The other reason, maybe slightly more important, Texas can get away with no state income tax is that we pay a lot in property taxes. Especially if you live on the outskirts of a city with some acreage, but are in an expensive county.
If you live in exurbia, you probably have a septic system, which requires at least one acre. In the last couple years, many Texas home owners have been hit with higher assessed values on the land that their house sits on. My property had been assessed at $10,000 for years, but its now assessed at many multiples of that, and next year it will be valued at who knows what? All the big Texas cities assess properties at near the maximum that the state allows. Some of these 1 acre properties may be subdivided sometime in the future when sewage systems are constructed. In 2020 its as if the property itself is a luxury.
After the downturn of the 80s Houston decided to diversify. We stopped being just an oil town. We have a large medical system that employs approximately 90,000 people per day. Almost a small city and that doesn't include the patients. There is also the banking industry. So there's oil, oil refineries, medicine, and banking. So many people are moving here. And they are always shocked by the size and the weather.
It's all because of the flag. The fact that it is nearly entirely made up of polish flag makes this state best because of pure slavic energy))))
"or if you want to read something more intelligent..." This man literally just insulted the entire comments section and yes, we still love him. Great video but texas>cali😂
Not sure how growth was an 8/10. Texas accounted for the entirety of the job growth for the entire nation for a long stretch of time
Because my this guy's metric 8 is the maximum for non independent states. It was the same for California
I love your dedication to what you do. You do it well. Another great video.
7:06 Oh hey, a Texas Hold'em reference. Nice!
I clicked in texan. This is quite an interesting one man. Also, the score for texas needs to be moved up .8 because we have most of the mexican food influence plus texas bbq and soul food.
Ya, food quality makes more productive workers so that should increase our economic score. And you forgot our cajun food on the gulf coast.
California has some of the best food in the world and a very large variety of food, soo...
@@Danielle_1234 so do Texas and any major city
As a norwegian, i'm highly doubtful texas really noticed the quantities of oil we pumped up. Maybe in conjunction with the other OPEC nations, but not alone. Don't make us out to be a bigger deal than we are.
This is the most Norwegian thing - being really humble.
Texas resident here I know several people from here in Houston who traveled to Norway on a regular basis to work on Norwegian oil fields my family was given the opportunity but we decided to stay for family reasons.
Norway is NOT an OPEC nation.
Sooo excited for your federal income spending vs taxes of the states video
Penny saved with time becomes pounds
Pounds saved with time becomes millions
Millions saved with time becomes billions
Billions invested in stock and Crypto with time becomes wealth.
Play smart today💯
Crypto currency you think?
They always mean spot price, not the price of a round or coin. Spot price has more to do with buying large volumes, such as 1000 oz comex bars. You can't expect to get the same price as that when buying only one or two ounces. So for anybody still thinking of financial security I would say Buy Tesla stock and crypto 💯
Wise words, This could be the wisest word I've heard, you got my points 👍 $40 Silver by end of the year? Spot Price or with Premium included? Because the going rate for generic rounds is currently around $33 per ounce already. 🚀🚀🚀🥈🥈🥈
ACCURATELY SPOKEN 💯
You’re right... I'm happy I got introduced to Expert Ben Bruce
In the US real estate industry the "Loan to Value Ratio" is "LTV" not "LVR." Love the channel and watch all your videos! Cheers EE!
The stars at night, are big and bright *clap *clap *clap *clap Deep in the Heart of Texas!
A song?
@@sandybarnes887 yup the texas anthem. All people born in texas learn this song it's taught in every school to this day. You can sing that drunk in a bar and everyone will sing it
Now it’s, “The wind turbine lights are big and bright 👏👏👏👏 deep in the heart of Texas!” Driving through Texas at night looking at the horizon filled with other worldly lights hovering over the ground was really kinda creepy and unnatural feeling. Oh well. Progress....
Everyone talks about how much Austin is supposed to be the tech center of Texas, but I have found more tech activity in Houston and Dallas by far.
That's probably true.
Texas has 3 large metro areas. Though there is some overlap, here in Houston, the economy is still predominantly oil and gas, with medical a distant second (but closing that gap). There are tons of software and finance firms out here, but largely those are still heavily reliant on the oil sector. Dallas, on the other hand, is more of a financial hub, and Austin is rapidly growing its tech center. Some of this info may be a few years out dated, but those were the trends last time I looked. So, as a whole, I think the assertions line up, but people considering these trends should be aware of the bit of nuance of each of the major metros.
The tech jobs that used to be in Austin seemed to be jobs at tech companies, and far less tech jobs at tech companies. Its getting a lot more tech jobs at tech companies now. I say this as a CS major just looking at who is hiring interns, as offices don't hire interns unless they are serious about being there.
Texas has another large metro area: San Antonio. Its a smaller economy than the other three but still hosts a few tech companies.
San Antonio is far larger than Austin, and is even bigger than the city of Dallas (though the SA metro area is smaller then the DFW Metro Area)
Dallas is actually a huge tech center and game development center too. It's definitely not a silicon valley though, and definitely behind Austin, but still a decent tech industry compared to, say, Houston
What about cattle ?
Me: pays RUclips Premimum to avoid ads.
EE: here's an ad.
Top 3 states for total population growth between 2010 and 2020 according to the Census Bureau were Utah - 18.4%, Idaho 17.3%, and Texas 15.9%.
am guessing they had dramatic rising rent and real estate costs
I think he meant total population growth as in the number. 15% of 30 million is a lot bigger than even 20% of 15 million (and Idaho and Utah combined have less than a 1/3 of that whereas I'm undershooting texas)
As a resident of Dallas, I don’t think a good amount of your stock footage in this video is actually Texas. The home you showed as a typical Dallas home for $600,000 is almost certainly not in Dallas. However, props for the great aerial views of Dallas- we’re a pretty underrated city, it’s nice to get some attention.
Silicon valley adjacent to one of the most stunning places in the country. Anything along Highway 1 really
Ya but the coastal hwy has a serious issue with landslides though.
EE Economy of Texas w/ 5 minute home mortgage interlude. Keep teaching!
i think that the time is right to make video about Poland :P
Howdy from Texas.
You have my attention.
0:53 North Star Mall in San Antonio. I grew up there, and called those the giants' boots. :}
I drove past it today lol
OPEC was actually founded by a dude from Saudi Arabia who did an internship with the Texas Railroad Commission, which had been capping oil production to set prices since 1919.
Texas has a much more diversified economy and is probably the only US state that could function as it's own nation.
There are many other states which can operate as their own nation. California is the best example, despite what people wish to believe.
california if it was independent would probably die within a year due to being trillions in debt, and after a couple of months/a few years, would probably beg the US to annex it back, it could not function as a country on its own
California will be fine paying off it's debt if it no longer has to subsidize other states
@@liberalthefirst7743 Sure, whatever delusion makes you sleep at night.
@@ManishSinha California doesn’t produce energy or has enough water.
If you have the time, it would be interesting to make a video on Enron and its economic impact on the USA from the introduction of SOX and the giant collapse
Coal Rolling Austin? You ain't from these parts are you?
I now live in Texas from Illinois. The taxes are much more than I thought they would be. Yes there is no income tax but the property, sales, and other taxes are the same or more. That means my effective tax rate is barely lower than Illinois where they had a 5% income tax rate (at the time I left). Idk how much of the states budget is funded from oil but it doesn't seem to be that much in my personal subjective experience.
Personal stupid experience.
I feel like Alberta could take from some of these notes..
Canada/Alberta wants to "diversify" so we are going to kill our oil business first and hope other businesses find us attractive. Funny how Texas can KEEP their vibrant oil business and also lead the US in renewable energy...
@@hotdrj Texas is not landlocked like Alberta. Most of Alberta's oil export problem have to do with transport. Keystone, Trans-Mountain and Energy East all fell under the green lobby and NIMBYs.