I spent some more time last night reading the Milken Institute's list of best-performing U.S. cities. I consider it a must-read for investors who are tracking job growth, real estate and banking investments. It contains valuable information, and I'd go so far as to suggest visiting the Milken Institute regularly for its wealth of information and research on markets, healthcare, energy and other topics that could help make us all better investors.
As I review the list, I see that Austin, Texas, is second -- a perennial top-10 city that has become a center of technology, with Dell (DELL) and IBM (IBM) its largest employers. Many Austin residents are about to become cash rich if the Dell go-private deal goes through. The problem with Austin, however, is that almost all the smaller banks there are privately held. The largest banking presence is Wells Fargo (WFC), followed by Bank of America (BAC), so it's hard to find a bank to buy and get an Austin-specific play....504 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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