California economy clobbered —for how long?

We’ve all seen slow motion video clips of horrific damage from head-on automobile collisions staged in auto safety testing facilities.
Something like that is happening to California’s economy.
Until a few weeks ago, the globe’s fifth largest economy was humming along with record-high output and record-low unemployment. Employers were begging for workers and state and local governments were enjoying revenue surges.
“California’s unemployment rate remained at its reco