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California has created more than 1m new jobs since the recession's low point in late 1993, and the state's annual output has passed the $1 trillion mark.
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Investors may be starting to realise that, even if the biggest falls in output have passed, the outlook for 2010 is still likely to be sluggish.After all, the problems that existed at the start of this crisis have not gone away.
The service sector is the only part of the economy that has passed its previous 2008 peak, although that accounts for almost 80% of UK output.
The storm has passed.
So time has passed?
That era has passed.
A torrent has passed.
That generation has passed.
That moment has passed.
The boom has passed.
That deadline has passed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com