As the national economy gets better, California will get better, and some of its problems will be less acute.
More Quotes from Joshua Feinman:
I think what we're seeing is a gradual decline in the jobless claim trend from its peaks in the immediate aftermath of Sept. 11, ... It suggests the labor market is not strong, but it's bottoming, and that's consistent with the overall economic picture.Joshua Feinman
We've been talking for a long time about capital spending growth being a key component of the sustainability of this recovery. You have to be encouraged about what we've seen.
Joshua Feinman
Before the storm struck, (the Fed) thought the economy was on sound footing, ... I don't think that's changed. The only thing Katrina may have done is raise some uncertainty about the near-term outlook.
Joshua Feinman
It's not like turning on or off a light switch. It's not like all hell breaks loose at 50.
Joshua Feinman
We've been waiting for something like this for a long time. But we need to resist the temptation to put too much weight on any one month's report -- probably the best thing to do is to average out the past few months that gives a clearer picture.
Joshua Feinman
The United States has been the engine of global growth for some time. It would behoove the world if other engines were to develop, but it doesn't look like that's happening. As long as that's the case, U.S. growth will mostly be determined by what happens here.
Joshua Feinman
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