Neutral is the outlook for the New Mexico economy from the Economics Group at Wells Fargo Securities.
Wells’ only “upside risk” appears to be “if alternative energy begins to take hold over the near term.”
Near term? What? A year or two? Snicker, chortle. Wells’ economists must be mainlining the green air around their San Francisco offices.
One has to wonder if the neutral declaration, issued June 24, offers some insight about New Mexico getting no mention in Wells’ much broader report, dated April 13, “Economic Dynamics and State Competitiveness.”
Maybe, being neutral, there are no dynamics to mention and no competitiveness to analyze.