Not holding Mike Walden responsible for this headline on his 2011 forecast, but still. The idea that 2011 will be much of an improvement on 2010 is dicey.
It all comes down to the jobs engine — or lack thereof. In the Charlotte area — considering the state of both speculative real estate and the financial sector — it is hard to see an engine. Construction and financial services seem to be right off the table.
Then, when you factor in the tax increases required to feed our refusal to right-size government, job growth of any kind in the region seems far-fetched.
