The World’s 8th Largest Economy Warns ‘We’re Not Out Of The Woods Yet’
Despite signs of an economic recovery, the state of California remains in a deep fiscal mess and recession. The state has been a particularly good proxy of the overall state of the economy due to their high leverage to the real estate market – the crux of our issues. According to the State Controller the economy continued to deteriorate in September, but is showing some signs of stability. The recent report said: The State’s General Fund continued to deteriorate in September. Year to date,