Independent thinking for complex markets and current events
by Martin Armstrong California is now facing the consequences of policies that ignore reality. Between 2019 and 2023, the state lost a staggering $91.4 billion in income as residents relocated elsewhere, with another $11.9 billion leaving in just a single year. This is not a minor shift. This is a structural problem that is accelerating, not stabilizing. …
One of America’s most iconic highways is disappearing — in real time. Along California’s Big Sur coast, Highway 1 has collapsed at multiple points, sending asphalt, guardrails, and entire sections of roadway crashing into the Pacific Ocean. This is not a single landslide. It is a systemic failure across more than 60 miles of coastline, …
$24 million? That's just the tip pic.twitter.com/LW50QvScsf — kelly paschall (@bbqgoddess) February 2, 2026 The California government issued over 1 million driver’s licenses to undocumented immigrants under AB 60, yet Gavin Newsom signed SB 1174 to block local governments from requiring voter ID at the polls. This is not a coincidence or a matter of …
Governor Gavin Newsom’s $236M program for California’s mentally ill has helped just 22 people in four years: report https://t.co/6MNTcque85 pic.twitter.com/dh0ySpEcAt — California Post (@californiapost) January 27, 2026 California Governor Gavin Newsom’s $236 million program to help those with severe mental illness who bounce between homelessness and jail has helped a measly 22 people since the …
by Martin Armstrong The proposed billionaire tax has caussed $1 trillion in potential tax revenue to flee California. The billionaire tax would require California residents worth over $1 billion to pay a one-time 5% fee on all assets, including unrealized gains. Google co-founder Larry Page fled the state and took his $276 billion net worth with him. …
Definitely need to pay attention to the work that @amyforsandiego is doing in California. pic.twitter.com/laaMYbzyDL — Christian Buckley (@buckleyplanet) January 6, 2026
This is readily seen in California Democrat Gov. Gavin Newsom’s trip to Belém, Brazil, to rub elbows with the global elite at the U.N.’s COP30 global climate conference on Nov. 11. Newsom, an all-but-declared candidate for the Democratic nomination for president in 2028, slammed the Trump administration for not attending the confab, accusing the president …
https://www.youtube.com/watch?v=uDoScVW93lA Crime is now so out of control in California, that formerly well off business owners and home owners are losing everything they have. Now governor Newsome wants to send in crime fighting ‘teams’ just days after telling president Trump, no extra resources are needed. Journalistic report. Includes news footage for purposes of commentary, criticism …
California just pulled the rug out from under HOAs. What used to be $500 fines a day for something like the wrong door now tops out at $100. Late fees and interest? Dead. Homeowners got a power shot with new rights to dispute violations and block punishments if they fix the problem. This isn’t a …
California’s housing market is slowing in 2025, with inventory skyrocketing and home values now dropping on a month-over-month basis.
Aerials show Marines training in the Los Angeles area. Less than an hour ago, a federal judge blocked California’s request to immediately block the Trump administration from using Marines and National Guard Details: https://t.co/Xn06cxx6wa pic.twitter.com/Lt1u749iPZ — KESQ News Channel 3 (@KESQ) June 10, 2025 A federal judge has blocked California’s emergency request to stop the …
$700k houses on $5M plots of land. California’s Wildfires highlights the Land Speculation Problem. byu/Not-A-Seagull ingeorgism
The Biden administration will provide a record $15 billion loan to Pacific Gas & Electric to support the utility’s efforts to combat climate change and improve the power grid. The Department of Energy loan comes as a financial boon for the utility recovering from bankruptcy and facing pressure to limit rate It is expected to …
California’s job market worsens: employment drops, unemployment rises, labor force shrinks. https://t.co/ANUo7WJBMK — WarnTracker 2.0 (@j77324) December 20, 2024 Nevada’s labor market shows recession signs: employment declines monthly since June. It 100% is. The entire situation is just getting worse, and frankly, nothing is being done besides tax abatements that aren't doing much. They should …
California Governor Gavin Newsom and his wife have moved their family to an exclusive part of the state where all four of his children are now enrolled in Marin County schools. The Democrat, touted as a possible future presidential candidate, will keep his six-bedroom $3.7 million in Fair Oaks in suburban Sacramento home where he …
This is INSANE. They’re BLATANTLY stealing the election in California! pic.twitter.com/Cv9LbmIpRS — Nick Sortor (@nicksortor) November 17, 2024 Start the audits on DAY ONE. Newscum’s going from the Governor’s Mansion to Federal Prison. — Nick Sortor (@nicksortor) November 17, 2024
TL;DR: Phillips 66 announced it will close its Los Angeles-area refinery by 2025. The closure follows new California regulations aimed at preventing gas price spikes. The refinery accounts for 8% of California’s refining capacity. Phillips 66 plans to repurpose the 650-acre site with real estate development firms. Around 600 employees and 300 contractors will be …
Bay area cost of living is F*CKED. Everywhere you turn, rent’s 2k+, god help you if you want a 2br then it’s close to 3k. Meanwhile, the jobs all wanna pay like 18 an hour. People Are Now on Buyers’ Strike Because Home Prices Are too High: Fannie Mae by Wolf Richter Fannie Mae said …
California’s film and TV industry is facing a major crisis in 2024, with production levels plummeting. Series production dropped by 30% in the first quarter of 2024 compared to 2022, and on-location filming for reality TV in Los Angeles fell by nearly 57% in the second quarter. The industry, already hit hard by the pandemic …
Wow, has anyone seen California's Prop 33 Rent Control ad?!?! They're literally advocating for communist style rent controls that have been an utter disaster in every country that's tried them, yet they want them to "fix" exorbitant home prices in Califronia. This is absurd! pic.twitter.com/i4nuFwCyS3 — E CaT PanTHer (@ECaTPanTHer) September 16, 2024 It’s Prop …
Donald Trump Wants To Build High Speed Rails In America Elon Musk says it’ll give the people a future to look forward to California Democrats only used high speed rails as a way to launder money. Their project actually was spending several million dollars PER DAY “Despite burning through several millions a day, many experts …
Here we go again. Another summer, another round of power cuts in California, all under the guise of preventing wildfires. Pacific Gas & Electric (PG&E) has once again decided to plunge thousands into darkness, citing “public safety” as the reason. But let’s cut through the smokescreen and ask the real question: Is this truly about …
The McDonald’s at San Francisco’s Stonestown Galleria has closed its doors after 30 years in business. The franchisee owner, Scott Roderick, cited two main reasons for the closure: Rent and Property Taxes: The landlord was unwilling to negotiate a long-term and sensible rent for the Stonestown location. Additionally, the property taxes and shared tenant mall fees were the highest paid for …
“This is why your state 4 years ago had a surplus, one of the biggest surpluses in California history as of this year. You have a $73,000,000,000 deficit.” My Jaw Dropped & Hit The Floor While Listening To This. California Corruption IS OUT OF CONTROL California is ordering tiny homes for the homeless however they …
The iconic Hollywood Arby’s location on Sunset Boulevard recently closed its doors after more than five decades in business. The closure was attributed to a combination of factors, including the pandemic, low foot traffic, rising food costs, and California’s $20-an-hour minimum wage. The restaurant’s general manager, Gary Husch, stated that the minimum wage increase was …
California’s $20 minimum wage led to fast food price hikes, lower foot traffic, study shows. In the six-month period leading up to the new law being enacted, fast food prices in California rose on average by 7% — forcing franchisees in the state to slash work hours, postpone capital improvements and expedite the deployment of …
Virginia is ditching rules that would have mandated 100% of new car sales to be electric vehicles (EVs) by 2035. Under former Democratic Virginia Gov. Ralph Northam, the state enacted a law in 2021 that hitched it to California’s stringent vehicle emissions standards, the latest version of which will require the phase-out of internal combustion …
California has the loosest labor market in the country – started discussing the unemployment dynamic here back in August of 2023. Now has highest unemployment rate and 6% fewer job postings than pre-Feb 2020. Unemployment is rising in 10 largest counties. UR moving opposite… pic.twitter.com/m2MmviTeME — Don Johnson (@DonMiami3) May 9, 2024
The ripple effects of California’s $20 minimum wage hike are becoming increasingly evident, with fast food restaurants across the state grappling with job cuts and price increases, further burdening businesses, workers, and consumers alike. California’s minimum wage increase to $20/hour has led to job losses, reduced working hours, restaurant closures, and higher prices. Fast food …
Calexico has voted to oust the first transgender mayor in California in a long awaited recall vote as the politician blames transphobia for the decision. Mayor Raul Ureña, 26, identifies as a transgender woman and prefers she/they pronouns. Ureña was elected into office in 2020 at the age of 23 and came out as gender-fluid …