PeakTrader.com

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PeakTrader said...

Yes, however, where are they compared to 2007, when the downturn began.

In California, I suspect, the top 20% are doing very well:

Booming Silicon Valley GDP growth leaves San Francisco behind
September 13, 2011

"Silicon Valley’s economy exploded in 2010, with GDP growing by 13.4 percent, faster than U.S. GDP growth of 2.6 percent and far faster than San Francisco and Oakland, where GDP growth was just 0.5 percent.

Not only did the San Jose-Sunnyvale-Santa Clara metropolitan area grow fast, it also turned around quickly, according to numbers from the U.S. Bureau of Economic Analysis. In 2009, Silicon Valley GDP growth was negative 2.4 percent, but that changed by 15.8 points to hit 13.4 percent in 2010.

In the San Francisco-Oakland-Fremont conurbation (a “metropolitan statistical area” in government actuarial parlance) real GDP growth (measured in constant 2005 dollars) was negative 4 percent in 2009 and grew just 0.5 percent in 2010."

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Oregon economy growing at nation's second-fastest rate
June 05, 2012

"Oregon's economic growth outpaced all but one state in 2011, driven largely by double-digit manufacturing gains.

The state's real gross domestic product...growing 4.7 percent from the previous year. The rate more than triples the U.S. average and falls behind only North Dakota and its oil-fueled 7.6 percent gain.

But take durable-goods manufacturing out of the equation and Oregon's GDP grew just 0.8 percent.

And if the past two years are any indication, high-tech players such as Intel likely contributed to almost all of the growth. The California-based chipmaker is building its fourth Hillsboro fab and is the metro-area's largest employer.

The high-tech sector helped speed Oregon's economic growth in relation to other states, economists say.

"It obviously doesn't feel like we're doing nearly this well," said Conerly, who runs his own consulting firm. "To me this has Intel written all over it," he said."

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"If you click on a sector above, like durable-goods manufacturing, the map changes."

Yes, "a great interactive graphic."

http://mjperry.blogspot.com/2012/06/visualization-of-bea-data-for-state-gdp.html

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