Thursday, December 30, 2010

30 Million People Litmus Test

Everytime new economic data come out for California the whole country gets a quick overview of the health of national economy. What California does the rest may very well follow. Right now it still seems as though we're pulling out of the 2008 rubble.

Bankruptcies are still hitting all time highs (maybe I'll post something soon that will reflect these trends), albeit the rate at which the claims are occurring appears tobe slowing.

Long story short, without a significant rebound in housing (as in people buying) CA along with the rest of the US will be stuck in 'recession mode'. So be thankful this season that you have a job, and if you don't, well you're the best judge as to how well we're all really doing....