Latest Analysis
No, Its the Deniers Who Are Wrong
Bill Watkins, June 15, 2012
Dennis Meyers is the Principal Economist at California’s Department of Finance. He has recently published two parts of what is promised to be a four-part series titled The Declinists are Wrong. He intends to convince us of “the fundamental strength of the Golden State’s dynamic and vibrant economy.”
I was going to wait until the entire series was complete before commenting, more
Eurozone Crises
February 13, 2012
World class economists Henning Bohn and Robert Parry discuss the Eurozone Crises and its impact on the U.S.
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Oregon tries to catch California- On the way down!
Jan 17, 2010
Bill Watkins
Oregon’s voters will soon give their judgment on Measures 66 and 67, measures that will raise income and corporate taxes in the recession-ravaged state – with unemployment at 11.1 percent, the eighth highest in the nation. Besides leaving the state with the highest marginal rate in the country, tied with Hawaii, more insidiously measure 67 will impose a minimum tax based on sales, not profits, implying an infinite marginal tax rate for low-profit companies.
A Milestone on the Road to Becoming a Third World Economy
Jan 6, 2010
Bill Watkins
Northrop Grumman Corp started California’s New Year by announcing it is moving its headquarters to the Washington D.C. area. Unfortunately, they are neither the first nor the last major corporation to leave Southern California. It is a trend, one that may not last much longer, though since aren’t that many major corporations still headquartered in greater Los Angeles.
Too Big to Fail Needs to Go
Oct 8, 2009
One of the causes of last year’s financial collapse was the adoption of the concept, 'Too Big To Fail'. Washington decided long ago that some firms are so large and so integral to the economy that the failure of one of these firms would put the entire economy at risk. So, the government insures them at no cost.