New regional taxonomies
Always worth keeping track of the contrarian: Five Places Where the Bubble May Burst.
Probably the only time in history Pittsburgh and Elko (Nevada) will ever be put in a group of similar places.
but really.. I'm all for caution, but Elko? Not even an MSA. Elko the city (itself a generous definition) is under 20K in population. It's like comparing us to something the size of a city neighborhood. The vast Elko micropolitan statistical area is under 50K. Elko is slated as vulberable because of the impact of gold mining and the view among some that the bubble in gold prices will eventually burst. The argument for putting Pittsburgh on the list is that most of our recent economic stability can be pegged to growth in health care which again some think is an unsustainable trend. There is a point in that, but the article actually cites the closure of Braddock Hospital as their key example of our economic apogee. Seriously, that is their logic. They also called Braddock a mere 'neighborhood'. Fighing words for some.
That being said, they have hit upon an important point.. even if it was accidental. Changes in health care spending can have a palpable impact on the regional economy and last I checked the news, there were some big things brewing in the structure of the regional health care industry. Impossible for the resolution of all of that not to have some impact, good or bad, on local economic prognostications.