Bubble watch: California GDP growth trails U.S. pace, again. Texas No. 1!

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: Statewide growth of the broadest measure of business output is now trailing the national pace, another sign of a cooler California economy.
Source: U.S. Bureau of Economic Analysis
Trend reported: California’s gross domestic product in 2018’s second quarter grew at a 3.7 annualized percent, 22nd fastest among the states. National growth was 4.2 percent in the spring