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California surpasses France as 6th-largest economy in the world

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Post by Original Quill Sat Jun 18, 2016 6:45 pm

CNBC wrote:California surpasses France as world's 6th largest economy
Reuters

California is now the sixth largest economy in the world, surpassing France thanks to a robust state economy and the strength of the U.S. dollar.

California was the world's eighth-largest economy as of last year, according to Irena Asmundson, chief economist of the California Department of Finance.

"California did exceptionally well in 2015," said Asmundson. "Lots of sectors did well."

California is home to diverse strong economies, including Silicon Valley and Hollywood. Manufacturing has performed well, as has the agriculture sector, despite a severe drought, said Asmundson.

The nation's most populous state has outpaced the rest of the U.S. on job growth. Its gross state product was $2.46 trillion, with 4.1 percent of state growth this year in real terms, according to the state's finance department.

Nationally, gross domestic product grew by 2.4 percent in 2015. Growth slowed to 0.8 percent in the first quarter of 2016.

I'm telling you, California should open its own shop.

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Post by Victorismyhero Sat Jun 18, 2016 6:49 pm

A sort of "Califexit" ??????
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Post by Ben Reilly Sat Jun 18, 2016 7:11 pm

Nah, California wants to continue to be able to attract people from the rest of the country, it has a fairly strong net inflow from other states. Nothing compared to Texas, of course, but still pretty strong California surpasses France as 6th-largest economy in the world 1366281442
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Post by Victorismyhero Sat Jun 18, 2016 7:14 pm

till the next big shake..... affraid
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Post by Original Quill Sat Jun 18, 2016 7:40 pm

That's about the only down-side about living here. When's it coming?

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Post by Victorismyhero Sat Jun 18, 2016 8:32 pm

your guess is as good as mine....but its "over due" isnt it?
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Post by Original Quill Sat Jun 18, 2016 9:01 pm

That's what they say, but it's not an answer. They were saying that back in the 1950's. I remember when I was in grade school, they were teaching us students how to crawl under desks and tables...telling us, the big one is coming.

We've only had the Loma Prieta quake, in 1989.

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Post by Victorismyhero Sat Jun 18, 2016 9:31 pm

mmm...the point being...the further over due it is the worse it will be (due to greater built up stresses) ??????


dunno......... If you are lucky you may get a series of less serious ones...gradually releiving the tension

if not........
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Post by Original Quill Sat Jun 18, 2016 9:35 pm

A long time could mean the fault has gone dormant or the tension is growing...with drastically opposite effect, obviously.

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Post by 'Wolfie Sun Jun 19, 2016 2:44 am

Smile

A FUNNY thing about when they talk about "one in one hundred year.."  and  "one in a thousand years.." when talking about earthquakes, floods, heat waves, fires, etc.

They're only talking about averages, not actual predictions.

Down here, it's not unusual to see two "one in a hundred year" intensity floods hit one region two or three times within a decade, and then nothing again for a long while..

And you see similar timings with earthquakes in parts of Japan and New Zealand --  some earthquakes only a couple of years apart, and then decades until the next serious one hits the same region.
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Post by eddie Sun Jun 19, 2016 10:00 am

England gets no real threats like that. We are very lucky I think.

I hope that you never see a big one in your lifetime Quill.

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Post by 'Wolfie Sun Jun 19, 2016 10:17 am

Basketball

WHEN California eventually splits off from the US mainland,  and sets sail westwards (ho ! );  then they can declare their independence...

And ask some other US territories like Hawaii, Guam and US West Samoa, and some of the 'neighbouring' sovereign states (like, say, Samoa and Fiji, oh and maybe Chile ?), if they'd consider forming a new Commonwealth..       tongue
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Post by Original Quill Sun Jun 19, 2016 4:52 pm

WhoseYourWolfie wrote:Basketball

WHEN California eventually splits off from the US mainland,  and sets sail westwards (ho ! );  then they can declare their independence...

And ask some other US territories like Hawaii, Guam and US West Samoa, and some of the 'neighbouring' sovereign states (like, say, Samoa and Fiji, oh and maybe Chile ?), if they'd consider forming a new Commonwealth..       tongue

Ocean-front property in Arizona, eh? Razz

No, I'm very specific on who I'd let into the Pacific States of America. In addition to California, we will be taking in Arizona, Oregon, Washington, Alaska, Hawai'i, and we will be inviting from other countries to join, British Columbia, Yukon Terr., Baja California Norte, and Baja California Sud (including Cabo fiesta ).

We will be looking to the west, primarily the Asia/Pacific for markets and development. We may even build a wall behind us. affraid We implore all LW southerns to move to these states in order that they may join us. California surpasses France as 6th-largest economy in the world 613483540 No guns will be allowed, all vehicles must be electric-powered or hybrid, and absolutely no neckties.
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