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Glass of economic woes half full, not half empty: defense spending strong; housing recovery looms with population booming.

Publication: San Diego Business Journal
Publication Date: 30-JUN-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
So, what about that water glass?

Has it been half empty these past six months, what with the collapse of the lower end of the residential housing market and spectacular rise in the price of gasoline, now exceeding $5 a gallon for higher grades?

Or has it been half full, what with other indices chugging along?

Well, I opt for the latter view.

We've been weathering those one-two punches with equanimity, and we can expect more of the same through Dec. 31. We're in for 15 rounds.

Here's...

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