California Economy

[TexasTiger 12,969]

We are constantly told how bad CA is for business. And yet it tops the country in economic growth— what data points should we be looking at?

https://www.latimes.com/business/story/2021-05-10/ceos-california-business?_amp=true&__twitter_impression=true

[abw0004 10,125]

It does have a lot of growth but it’s debt is the highest.  Due to high levels of debt, the state's S&P credit rating is the worst of all states, while its Moody's credit rating is the second-worst.  Moody’s and the S&P are two well known crediting agencies for those not familiar.

[TexasTiger 12,969]

3 hours ago, abw0004 said:

It does have a lot of growth but it’s debt is the highest.  Due to high levels of debt, the state's S&P credit rating is the worst of all states, while its Moody's credit rating is the second-worst.  Moody’s and the S&P are two well known crediting agencies for those not familiar.

There’s a bit of variation between the big 3, but CA isn’t in real trouble on that front yet. But the state’s credit rating isn’t the measure of the business environment, economic growth is. The credit rating is related to state spending.
 

CA taxes/regulations haven’t killed the Golden Goose, yet. It will be interesting to see the impact of folks being able to move out of the Silicon Valley to work remotely.