When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Wednesday, January 21, 2015

California Economy Zooms Past Russia, Italy and Soon Brazil

California Zooms Past Russia, Italy and Soon Brazil in Economic Might - Bloomberg: "California is overtaking Brazil as the world’s seventh-largest economy, bolstered by rising employment, home values and personal and corporate income, a year after the most-populous state surpassed Russia and Italy. The Golden State, with an equivalent gross domestic product of $2.20 trillion in 2013, expanded last year by almost every measure, according to data compiled by Bloomberg. Brazil’s gross domestic product, in contrast, declined 1 percent from $2.25 trillion in the first three quarters of 2014 as its export of raw materials fell...."



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