Is Texas or California more recession proof?

On long car trips, when the batteries on their iPhones go dead, my three daughters like to play a game called “Would You Rather?”

The contest typically devolves into a series of choices between two evils. As in, would you rather die in a nuclear holocaust, or be the only human left on the planet?

You get the picture.

The findings of a new report reminded me of the business version of that game. The question it raises, among others, is essentially this: Would you rather weather an oil-and-gas collapse in Texas, or a tech slump in California?

The answer may surprise you.

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