Aug 12 2009
Commercial Real Estate, Construction and Finance Employment: How Commercial Real Estate will drag the California Economy Deeper into Recession. 32 Percent of California Construction Jobs Gone.
California is heavily dependent on real estate. That should be of little surprise to you but many have a hard time understanding how devastating the housing crash is to employment in various sectors. California for 30 years relied on housing even though in many years, it was in a bubble. That is why in 2009 […]
Aug 9 2009
California Budget Miscalculation: The $60 Billion Budget Gap. Cargo Levels near Decade Lows. Why the Financial Recovery will come last to California.
The largest singular economy in the United States is still facing a fiscal mess. California is still trying to grapple with the budget deal that is now in place. The challenging part seemed getting a budget passed but the more challenging aspect of the budget process is enacting the $26 billion in fixes. Over the […]