Economics Thread

Garmel said:
Perhaps BL will listen to me when I tell him about statistics but I doubt it.
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did you know that gdp per capital something something is widening in certain states despite overall GDP not?

California, Florida, and Texas have shown varying GDP growth rates in recent years. Here's a comparison based on recent data:

California:
California's GDP growth rate has been around 2.3% per year between 2020 and 2023. However, there was a notable increase to 6.1% in 2023 compared to the previous year. Over the longer term, California's economy has grown at a rate of 111% over the past 25 years, which is faster than the national average but slower than Texas's growth rate over the same period.
Florida:
Florida has experienced a more robust growth rate, with a GDP increase of 4.6% per year since 2020. This indicates a higher growth trajectory compared to California in the recent period.
Texas:
Texas has shown a GDP growth rate of 3.9% per year since 2020, which is also significantly higher than California's rate for the same period. Over the long term, Texas's economy has grown by 128% over the past 25 years, surpassing both California and the national average.

In summary, while California has a large and diverse economy, its GDP growth rate in recent years has been outpaced by both Florida and Texas. However, California's economy remains substantial, with its GDP increasing to nearly $3.9 trillion in 2023, maintaining its status as the fifth largest economy in the world.

These figures are based on data from various sources including the U.S. Bureau of Economic Analysis, the Governor of California's office, and economic analyses from institutions like UCLA Anderson School of Management and the Center for Jobs.
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We literally had the equivalent of an authoritative regime control us for 16 years (Trump never got real power of the governemnt).

What will be discovered the next 10 years will shock the system tot he core.
 
Garmel said:
For the long term I hope BL knows these population losses are not good for the economy of these blue states.
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California tech behemoth was built under Republican leadership, while New York's financial behemoth was built under Republican leadership.

Today's citizens are fortunate to be able to live off all of that historical infrastructure. And GDP will naturally big large with these sectors so established.

But the tides be a changing. I see nasdaq is opening an exchange in Texas. Texas is going to launch its own trading desk.

I think the trends are clear on which horses to bet on moving forward.
 
sturg33 said:
California tech behemoth was built under Republican leadership, while New York's financial behemoth was built under Republican leadership.

Today's citizens are fortunate to be able to live off all of that historical infrastructure. And GDP will naturally big large with these sectors so established.

But the tides be a changing. I see nasdaq is opening an exchange in Texas. Texas is going to launch its own trading desk.

I think the trends are clear on which horses to bet on moving forward.
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Its an inconvenient truth that NY/Cali were built by republican type leadership.
 
nsacpi said:
The pie is made by the people in the state.
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The i frastructure was built decades ago. Today's citizens get to reap the rewards.

Helps to have the best weather in the world... although we are nearing the part of the calendar where another fire can take a city to its knees and toasters need to be unplugged to keep the lights on
 
sturg33 said:
Only took a generation to destroy it
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except the pie per capita has been growing fastest in places like Massachusetts in the past decade....that hardly sounds like something is being destroyed...rather what appears to be happening is an advantage is getting larger...rich states getting richer relative to everyone else
 
nsacpi said:
except the pie per capita has been growing fastest in places like Massachusetts in the past decade....that hardly sounds like something is being destroyed...rather what appears to be happening is an advantage is getting larger...rich states getting richer relative to everyone else
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I believe i saw Massachusetts announced themselves as a sanctuary city for the trans freaks.

That'll help
 
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