The Central Corridor -- North Dakota To Texas -- Smart Money Moves First

This is kind of cool.

On July 24, 2012, I wrote:

Earlier this year, I pointed out the burgeoning energy zone / corridor running from North Dakota to Texas, referring to it as America's energy renaissance zone.  I couldn't decide on "corridor" or "zone." I felt "corridor" was being over-used by the media and that corridor was a bit restrictive; it's larger then just a corridor.

But it looks like the mainstream media will go with "corridor," ....

So, today, on CNBC (link sent in by Don), Meredith Whitney was plugging her new book:

Her new book is fate of the states: the new geography of American prosperity. She boldly envisions a country where the prosperity is now situated on the east coast and west coast will move to the center of the country .... smart money moves first .... between 2008 and 2011, the US grew about 6%; the same period, the states: Texas (8% growth), Louisiana (16%), North Dakota (26%).

Part of the description of her first book:

One of the most respected voices on Wall Street, Meredith Whitney shot to global prominence in 2007 when her warnings of a looming crisis in the financial sector proved all too prescient. Now, in her first book, she expands upon her biggest call since the financial crisis.

Whitney points out that it wasn’t just consum­ers who binged on debt for the past twenty years but state and local governments too. She explains how the fiscal sins of the past are beginning to transform the U.S. economy along regional lines. And she shows how we are moving into a new era in which wealth, power, and opportunity flow away from the coasts and toward the central corridor.
 
In contrast to those doom and gloom head­lines, a much different trend was developing in interior states such as North Dakota, Indiana, and Texas. They survived the housing crisis relatively unscathed, avoiding mass foreclosures and bud­getary chaos. As a result they’ve had the money to retrain workers and offer tax incentives to companies willing to relocate. Coupled with the recent booms in natural gas and oil extraction and a resurgence in manufacturing, these states are poised to become the new powerhouses of the American economy.

The linked video is a "must." Enjoy.