Explaining Southern California's economy

Reportings: Jobless claims; bad economy; Great Aggregation Debate; Soros is worried

Early jobless-claim numbers for September surprise forecasters. But it could all be a cruel ruse by the economy: "'Apart from what might be an anomaly, the underlying trend in the labor force is still disappointing,” said Sean Incremona, a senior economist at 4Cast Inc. in New York. “There is a lot of economic uncertainty weighing on the broader economy.'" (BizWeek)

 

Could one person out of every 10 — the starry-eyed optimist — be right? Talk about fighting the current: "According to a Field Poll released Tuesday, 91% of California voters say the Golden State's economy is experiencing 'bad times.' It’s the third year in a row that more than 90% of voters have depicted the state's economy in a negative light." (LAT)

 

Business Insider's Henry Blodget does a little startup standup as the Great Aggregation Debate heats up. Just a whiff of paranoia entering the picture, however. (BI)

 

George Soros isn't kidding: "Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation. They need to regain control, and they need to do so now." (Project Syndicate)

 

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Photo: Wikimedia Commons

 

 

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