Monday, May 19, 2014

The Economy - California

California just can't catch a break (unless your Disneyland). Because of the ongoing drought, up 14,500 farm related workers might lose their jobs. The economic costs could be as high as $1.7 billion. It is interesting to note that the last drought was in 2009 and cost 7,500 jobs. Was that not during the height of the last recession? How interesting it is that there is another drought now? Could there be a relationship between recessions and droughts? Or is it just a coincidence? Didn't the dust bowl happen during the depression? I just Googled "dust bowl" and another article came up talking about how in some states things are worse than it was back in the "dust bowl" of the 1930's. I think California is just at the forefront of what is going to happen across this country as things start to unravel because of all the debts that have been incurred. There is an economic storm coming our way and I think it will hit my home state of California first.

What do you think?

For more:
http://www.reuters.com/article/2014/05/20/usa-california-drought-idUSL1N0O601520140520
and
http://www.forbes.com/sites/williampentland/2014/05/18/drought-worse-than-dust-bowl-in-some-states/