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Is California Ready for a Recession?

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Is California Ready for a Recession?
A customer uses an ATM outside of a Bank of America branch in Rolling Hills Estates, Calif., on March 13, 2023. Patrick T. Fallon/AFP via Getty Images
John Seiler
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Commentary

Several economic indicators are flashing warning lights for a recession in California. Unlike the 2020 recession, which ended as quickly as the COVID-19 restrictions were lifted, this one would be more structural. Some indicators:

John Seiler
John Seiler
Author
John Seiler is a veteran California opinion writer. Mr. Seiler has written editorials for The Orange County Register for almost 30 years. He is a U.S. Army veteran and former press secretary for California state Sen. John Moorlach. He blogs at JohnSeiler.Substack.com and his email is [email protected]