“To be blunt, we’re on recession watch,” said Jack Kyser, the chief economist of the Los Angeles County Economic Development Corporation and the conference’s keynote speaker.
“To be blunt, we’re on recession watch,” said Jack Kyser, the chief economist of the Los Angeles County Economic Development Corporation and the conference’s keynote speaker.





That's news?
Look like a woman
Think like a man
Act like a lady
Work like a dog
- My Great Grandmother Bessie's Recipe for Success
Recession WATCH? Um, hate to break it to you, but the recession's been around for awhile already.





Deogol:
Ironically, tomorrow is the 13th anniversary of Orange County's bankruptcy. I knew somebody working for Robert Citron, and the news sent ripples throughout California and the rest of the nation...
"On December 6 1994, Orange County, a prosperous district in California, declared bankruptcy after suffering losses of around $1.6 billion from a wrong-way bet on interest rates in one of its principal investment pools. The pool was intended to be a conservative but profitable way of managing the countys cashflows, and those of 241 associated local government entities. Instead, it triggered the largest financial failure of a local government in US history.
Robert Citron, the hitherto widely respected Orange County treasurer who controlled the $7.5 billion pool, had riskily invested the pools funds in a leveraged portfolio of mainly interest-linked securities."





that bankruptcy was BANK for a lot of consultants, heh!





those who fail to learn from history are doomed to repeat it !
"Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
"And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion
Originally Posted by Mia M
No, I meant in SoCal.
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