- Joined
- Aug 27, 2005
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- Houston, TX
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- Conservative
Chemical giant Lyondell has just gone bankrupt. The company has a huge presence in the Houston area, but how the bankruptcy will affect the economy is still unknown, although Houston is diversified enough that any negative impact will be minimal. Still, this comes as somewhat of a surprise to me. I am wondering if the present round of deflation helped contribute to this.
Article is here.
Article is here.