Economic Slowdown Unseen in Heartland

The economic recession underway across the US is an event that will have a far greater impact and notice in urban and suburban areas and their adjacent areas. In rural America and much of the Midwest, the recession will not have nearly the impact. States like North Dakota are in a boom, with widespread energy resources development underway and prices of commodities such as wheat grown in the state at near or record highs. Many other states in this region are also avoiding the downturn for the better part as lending practices for homes was much more disciplined and traditional than Sunbelt and older areas more suburbanized. These other states include South Dakota, Nebraska, rural Kansas, Montana, Iowa, and Wyoming, as well as other rural areas in adjacent states.

http://abcnews.go.com/Business/Economy/story?id=4516180&page=1

http://www.csmonitor.com/2008/0324/p01s05-usec.html

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