Disasters like this have tended to rebound the economy simply because of the massive recovery efforts. It's going to involve an enormous amount of expenditure.
After that, as energy growth slows, it will all depend on the health of the national economy and that, in turn, will largely depend upon the fate of the housing market.
This is a different Houston economy than it was 25 years ago.
The Houston economy has not been booming. It's been growing, but gradually.
A huge section of the U.S. economy is down. It's as complicated as the rescue efforts in New Orleans; it's all these different pieces. You have to get electricity restored, find out where your employees are; it's almost a mind-boggling exercise.