Forget
the "Fiscal-Cliff." As I have been saying, the recovery had entered a
self-sustaining phase several months ago when Housing bottomed and
started up. Then, fairly recently, CA's recovery went into an
accelerated mode, with CA's budget forecast to be in surplus in 2014 and
CA's largest drop in unemployment in 25 years. And, with CA being 12%
of the US population, CA can now lead the nation in the accelerated
recovery. Well, now comes along a true signal of how powerful the CA
accelerated recovery is......Bakersfield, once a significant oil town,
is now booming, and with CA so good on environmental things, I think the
"fracking," etc will be done in a responsibile manner, even innovating
new such techniques for export elsewhere. And, with Bakersfield median
home prices of about $130K, I can see a booming migration of people,
businesses, schools, colleges, etc to the area.
