California’s thriving economy is one of the world’s best


When misfortunes multiplied during the coronavirus pandemic, observers seized on the four-letter word for the largest state with an eighth of America’s population and 14% of its GDP at the end of the day. “California doom: Loss looms by staggering $54 billion,” The Associated Press concluded a year ago in May. “California Is Doomed,” declared Business Insider two months ago. “California is doomed to keep burning?” inquired from the New Republic in October. As April Econews reports, California is “doomed” by rising sea levels. Bullets of people leaving the world’s fifth-largest economy for low-cost states continue unabated because of high taxes and too much regulation of business.

No one could have anticipated that the Golden State would have the potential to expand GDP, create jobs, increase household income, manufacturing growth, invest in innovation, produce clean energy, and grow to unprecedented wealth through its stocks and bonds. There is no equivalent across economies.

read the Whole thing.

America should become a tenant country Carl W Smith

The real solar-panel price crisis hasn’t started yet David Fickling

Trump’s final days look increasingly corrupt Jonathan Bernstein

Why Do We Sometimes Die Trying to Avoid Risk— Allison Schrager

A vaccine the world badly needs looks better than ever Max Nissen

Market stories have bypassed the fundamentals – Barry Ritholtz

Goldman Goes All-In as Wall Street South in Florida Brian Chapata



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *