10/05/2012
http://business.time.com/2012/10/02/a-tale-of-two-california-cities/?iid=biz-main-lede
For several months now, I’ve been writing about the 2% economy, the current sluggish state of growth in the U.S., one that I expect to hold for some time. But a weekend spent in southern California, in both Orange County and neighboring San Bernardino, has me thinking about how the American economy isn’t really a 2% economy, but bifurcated one in which some areas are booming, and others are stagnating.
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