Illithid Dude:
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Probably too early to say this, but by the end of the year, DTLA will be booming like its 2005.
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My bold prediction for 2012 is that economic growth is going to be much stronger than anyone expected. Construction activity is picking up in metro areas nationwide. Manufacturing is rebounding. Auto sales at the end of last year were pretty strong. Last year, the US was a net energy exporter for the first time in sixty years. The rate of job growth is increasing.
There can still be external shocks (China's economy falters, high oil prices, European problems) but I think the prediction above that 2012 may be like the boom of 2005 is not outlandish at all.