The economy is firing on all cylinders. Construction is very strong. Home price appreciation is very strong. The commercial real estate sector is very strong. Utah ? right now, its performance is about as good as at any time, ever.

Statewide, Utah should remain among the top 15 among states in appreciation and maybe even break into the top 10 by the end of the year.

The economy is still doing extremely well. We're declining, but declining from a high level.

Colorado's economy is clearly doing better.

A 30 percent appreciation of the yuan over the next year could be a destabilizing blow to their economy. That could lead to political upheaval. I don't know if at the end of the day you want that. And whether it's Wal-Mart or old line U.S. manufacturers or Silicon Valley, there are a lot of U.S. businesses that depend on low-priced Chinese inputs.

Per capita measures of income are always a little bit distorted when you talk about places like Utah or Idaho, mainly because we have substantially more children per adult. We have in Utah 50 percent more children per adult than the national average, so any per capita or per-person measure of income, we'll always be on the low side.