Christopher Thornberg, PhD

10
May

What The Fed’s Rate Hike And The 1st Quarter Contraction Means… And Doesn’t Mean

Given the frenzied and contradictory economic news lately, I wouldn’t blame anyone for having a bad case of whiplash. It’s difficult to get a read on what’s happening when the headlines flip between bull and bear faster than the stock market. One moment the discussion is about labor shortages restraining growth even as the administration pitches new relief efforts, how

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3
Nov

Why GDP Growth Should Slow… And Why It Won’t

In the 3rd quarter, U.S. GDP grew by 2%, down from an almost 6% pace over the three preceding quarters. Weak growth in consumer spending, with a sharp drop in spending on durables, is the primary culprit. Business investment slowed as well. Not surprisingly, the relatively weak number has led to an abundance of hang-wringing by pundits and many in

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24
Feb

Miserabilism and Money: Why More Stimulus Is A Bad Idea (part 2)

18
Feb

Miserabilism and Money: Why More Stimulus Is A Bad Idea (part 1)

21
Jan

It’s Time To Relearn Objectivity In 2021

2
Oct

Prop 15 Analysis: Clarification

8
May

The Job-pocalypse?

30
Apr

The Expansion is Dead, Long Live the Expansion

27
Jul

A GDP Reality Check

17
Jul

We Have Nothing To Fear But the Fear of Inflation Itself

‘Inflation expectation disorder’ seems to have become a full pandemic lately. News story after news story is discussing accelerating price growth not as a possible new trend, but as a current reality. “Consumer Inflation Hits 6 Year High” read one headline after the June CPI release. Inflation expectations are also on the rise according to the New York branch of the Federal Reserve,

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