Even California Economy Improving

The improving economy has even reached the state of California, where ever expanding regulation makes it very difficult for businesses to operate.

The Sacramento Bee writes:

The evidence keeps accumulating: California's economic recovery is gathering momentum. It's just nowhere near a boom yet. 

Unemployment in California fell two-tenths of a point last month to 11.1 percent, the lowest level in nearly three years, the Employment Development Department reported Friday. Payrolls expanded for the sixth straight month, and economists pronounced themselves satisfied that the state is finally on the right track. 

"We have sort of a nice string going," said Howard Roth, chief economist at the state Department of Finance. "This makes me more confident that it's not going to go away. … I think it's the real thing.

Even the Keynesians are noticing the turn in the economy. First, it was Roubini,  now even California Keynesian Howard Roth gets it.

NYT resident Keynesian columnist Paul Krugman has to know that his statement just weeks ago that the economy was still in depression is now going to be another in a series of his totally wrong forecasts.

But the worst is yet to come. Price inflation is about to pick up and Krugman is on record (hee hee) LOL warning about deflation.