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Joel Kotkin: No Recession In Ethnic Enclaves

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Kotkin has made his career by being stubbornly contrarian (and not in a hilariously witty way, like, say James Kunstler) and now he claims the economy is thriving in Latino, Asian and Middle Eastern communities. With the expansion of "multicultural shopping centers" focused on immigrants and their children, development will continue in Southern California and Texas, he claims. In fact, he believes retail recovery will be led by Chinese, Indian, and Latino communities. Also, according to Kotkin, Jews rule California. [Forbes]