I Called the Witch Doctor

Get money, get money …

Kicking off the five-year financial forecast at City Council today is economist John Hockenyos, with an economic context view "50,000 feet from above."

There's some "bubblish" signs, but "the fundamentals remain strong," says Hockenyos. But he also says his field is a step away from witch-doctoring, so take that into account, too. To us, it sort of seems like crouching the sunny conventional wisdom about Austin in pseudo-scientific jargon. Here, see if you can separate his statements into those respective categories:

"I wonder if enough people moving into town can afford half-a-million dollar condos."

"More than one in 10 of us wasn't here in 2000. … People are leaving California in droves."

"The difference between the haves and the have-nots is getting bigger."

"[Entertainment] used to be about experience - going to see a band. … Now we're capturing the in capital of our creative sector in a way that can be exported all over the world. … [I call it] exportable sustainability."

Time's up!

Oh no, Brewster McCracken's talking about the digital convergence! Run!

Got something to say on the subject? Send a letter to the editor.

A note to readers: Bold and uncensored, The Austin Chronicle has been Austin’s independent news source for over 40 years, expressing the community’s political and environmental concerns and supporting its active cultural scene. Now more than ever, we need your support to continue supplying Austin with independent, free press. If real news is important to you, please consider making a donation of $5, $10 or whatever you can afford, to help keep our journalism on stands.

Support the Chronicle  

READ MORE
More City Council
Inching Toward Higher Heights to Get More Housing
Inching Toward Higher Heights to Get More Housing
Advocates for low-income tenants urge a go-slow approach

Maggie Quinlan, June 13, 2022

Council Recap: A Balanced Budget, Without Much Drama
Council Recap: A Balanced Budget, Without Much Drama
But many hours of deliberation over two days on the dais

Austin Sanders, Aug. 13, 2021

More Business & Economy
It's the Stupid Economy
It's the Stupid Economy
Fact-checking Perry's campaign against Texas' financial realities

Richard Whittaker, Aug. 16, 2011

Meet Bobby Jindal
Meet Bobby Jindal
Louisiana governor's big launch was supposed to raise his national profile

Richard Whittaker, Feb. 25, 2009

More by Wells Dunbar
Top 10 City Council Stories
Top 10 City Council Stories
Dais and months

Jan. 6, 2012

City Hall Hustle: The Hustle Bids Farewell ...
City Hall Hustle: The Hustle Bids Farewell ...
To the beating hearts of a great city

Dec. 30, 2011

KEYWORDS FOR THIS POST

City Council, Business & Economy, Brewster McCracken, City Budget, financial forecast, John Hockenyos

MORE IN THE ARCHIVES
One click gets you all the newsletters listed below

Breaking news, arts coverage, and daily events

Keep up with happenings around town

Kevin Curtin's bimonthly cannabis musings

Austin's queerest news and events

Eric Goodman's Austin FC column, other soccer news

Information is power. Support the free press, so we can support Austin.   Support the Chronicle