Saturday, September 14, 2013

Illinois is doomed, New York gets a put

Take a look, we have nominal gdp from Texas, New York, California and Illinois; compared to aggregate gdp.  All units change over the period.

New York losses were stopped at zero, it nice to be the bankers for DC. Illinois has as sub par growth since the beginning of time and is likely going to fall soon. Texas and California get whipsawed.

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