When misfortunes multiplied during the coronavirus pandemic, observers seized on a four-letter word signaling end of days for the largest state with one-eighth the U.S. population and 14% of its gross domestic product. "California doom: Staggering $54 billion deficit looms," the Associated Press concluded a year ago in May. "California Is Doomed," declared Business Insider two months earlier. "Is California doomed to keep burning?" queried the New Republic in October. California is "doomed" because of rising sea levels, according to an April EcoNews Report. Bulletins of people leaving the world's fifth-biggest economy for lower-cost states because of high taxes and too much regulation stifling business continue unabated. No one anticipated the latest data readout showing the Golden State has no peers among developed economies for expanding GDP, creating jobs, raising household income, manufacturing growth, investment in innovation, producing clean energy, and unprecedented wealth through its stocks and bonds.
Read the whole thing. The U.S. Should Become a Nation of Renters — Karl W. Smith The Real Solar-Panel Price Crisis Hasn't Begun Yet — David Fickling Trump's Final Days Look Increasingly Corrupt — Jonathan Bernstein Why We Sometimes Die When Trying to Avoid Risk — Allison Schrager A Vaccine the World Badly Needs Looks Better Than Ever — Max Nisen Market Narratives Have Pushed Aside Fundamentals — Barry Ritholtz Goldman Goes All-In on Florida as Wall Street South — Brian Chappatta What to Do About Student Debt When Covid Relief Ends — Erin Lowry Biden Should Cut the Gordian Knot With Turkey — Bloomberg's editorial board More from Bloomberg OpinionHere's what we've been talking about this week. This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. | 
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