The “Looking Glass” ponders economic and real estate trends through two distinct lenses: the optimist’s “glass half-full” and the pessimist’s “glass half-empty.”
Buzz: California’s economy rebounded from an early 2022 slump to be the 12th fastest-growing state in the third quarter.
Source: My trusty spreadsheet reviewed third-quarter growth in state gross domestic product, a broad measure of business output.
Debate: How will California’s economy react to an era in which the government and Federal Reserve have turned from business saviors to tight-fisted villains?
Glass half-full
California, as always, has the nation’s No. 1 GDP at $3.6 trillion, 14% of the U.S. total. Business output statewide grew at a 3.8% annual