California unemployment rate in red vs real gdp growth in blue. California leads the recession and unemployment spikes when aggregate growth drops to 2%. We are on the edge, the White House bean counters just predicted a 2% growth this year.
Import and export prices took a 5% dive, YoY. California is a transport anc cargo economy, as is Illinois a traffic hub. If trucks and trains slow, then Illinois is a goner. If pacific trade slows, California goes spiral. Silicon Valley gadget sales are down 5%, so California capital gains taxes are gone. Add in the draught and the Obamacare fraud and California may be on its way.
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