No Nonsense Economics
Why We Are Not In A Recession (at least not yet)
In conversations about the economy, there are a lot of conventional wisdoms that are neither conventional nor wise. One very relevant example today is the idea that a recession is defined as two consecutive quarters of negative GDP growth, exactly what the United States experienced in the first half of 2022. This definition enjoys wide acceptance and shows up in
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
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
The Impact Of COVID-19 On Los Angeles’ Entertainment Industry
This analysis was originally published as part of the LA2021 Future of Creative Talent Summit and was co-authored by Patrick Adler, Adam Fowler, and Mazen Bou Zeineddine. The onset of the COVID-19 pandemic was a generational challenge to the global entertainment industry, one that led to the delay or cancellation of up to 60% of scripted titles and to an 80%
Latest News
