Is California Already In Recession? | Zero Hedge: When it comes to the health of his state's economy, California Governor Jerry Brown has been walking on eggshells this year.
Twice each year, once in January and again in May, Gov. Jerry Brown warns Californians that the economic prosperity their state has enjoyed in recent years won't last forever.
Brown attaches his admonishments to the budgets he proposes to the Legislature – the initial one in January and a revised version four months later.
Brown's latest, issued last May, cited uncertainty about turmoil in the national government, urged legislators to "plan for and save for tougher budget times ahead," and added:
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