DISQUS

Goldman Sach's economist doesn't know much about the California economy. Admittedly the economy has slowed. However since July over $30 billion in M&A's activity has occurred. If there is a credit crunch, it hasn't spilled over into business and industry. Additionally California adds 400,000 to 600,000 people a year. Thus, in four to six years it adds either a state of Louisiana or Oregon. Goldman Sachs should be examining how fast these actions will manifest themselves positively into the economy reversing the current housing slowdown. In a week of wildfires, a 5.6 earthquake the businesses in this proverbial economic giant completed nearly $1.3 billion in M&A and business capitalization activity. Rhetorically, what did your state do?
Goldman Sachs needs to read economic forecasts from UCLA, UC Santa Barbara, Univ. of the Pacific and Sacramento State. California, the nation's largest state economy deserves a more extensive review.