Union Bank says risk of recession in California is limited
Posted by jenndavis on October 11, 2007
Union Bank and Bank of America both state the risk of a recession in California is limited. The reason? The job growth fueled by the high tech sector. Gotta love Silicon Valley and San Francisco. “The tech sector has a unique business cycle and pretty much marches to its own drum”, according to a senior economist with Union Bank. I liken San Francisco to Florence, Italy. We live in a hotbed of innovation and creativity. Of course, we also ive in one of the most beautiful cities in the world. Why would anyone want to leave their heart in San Francsico - just stay here with it.
http://www.bizjournals.com/sanfrancisco/stories/2007/10/08/daily41.html?f=et78&ana=e_du
