Is Recession On Our Horizon?

We live in volatile economic times, with global markets reacting moment by moment to the latest bits of data and the utterances of central bankers and politicians — even the tweets from the White House.

California’s economy is much too big — the fifth largest in the world, we are constantly reminded — to avoid that volatility. Agriculture and the state’s high technology sector, for instance, are directly affected by trade conflicts between the U.S. and China.

California, meanwhile, generates its own economic x-factors, such as shortages of housing and workers, and wildfires’ impacts on electric utilities’ financial stability.

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