The great state of California, 8th wonder of the world and the eighth largest economy, will receive a bailout from the U.S. Federal Government on or about January 1, 2011. A little more than 300 days from now.
How did I arrive at that? Analysis is half art, half science, some luck, and some feel. But if you take the amount of state municipal bonds coming due this year, and add to this the amount of the state's deficit (which is very much understated), and you come up with a Federal Bailout.
Agh... but with the Mediterranean weather, doesn't California remind of say, Greece?
And the financially challenged Cals that think the state has "assets"? What assets? Real Estate? Where do they find these people.
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