California Governor Says Economy Shows Signs Of A Slow Comeback

Posted By on February 21, 2010

As saying goes, it starts in California and moves east……I would think we can hang in there until the long term cycles take us back down to a more lasting bottom between 2012 and 2014.  Interestingly….. President George Bush’s Treasury Secretary Hank Paulson in his new book “On The Brink” (worth reading for everybody by the way) says Goldman Sachs thinks that about every 5 or so years on average the markets and the economy will encounter some kind of major disruption.  So lets see……2008 add 5 years, hmm  puts us right about due for a new problem around 2013 and that’s right in the middle of the long term cycle ending between 2012 and 2014.  The old problems are known and prepared for so it will likely be something no one  is worried about.                        The Stated Truth
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California Governor Schwarzenegger Says Economy Shows Signs Of A Slow Comeback

By Alison Vekshin

 

Feb. 21 (Bloomberg) — California Governor Arnold Schwarzenegger said the economy shows signs of a comeback.

“I believe that the worst is over, the Republican governor said on ABC’s This Week program. But it’s very clear that the comeback is not going to be as quick as we’ve seen in the past.

www.bloomberg.com

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