No Nonsense Economics
Relevant, hype-free insights about what’s happening in the global, U.S., and California economies.
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A sudden chill has hit global equity markets. Is the panic real, or needless?
- All
- blog
- Budgets & Deficits
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- Economic Policy
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- Funding trends
- General Economy
- Healthcare
- Innovation
- Real Estate
- Social Issues
- Taxes and Regulations
- Transportation
- Uncategorized
People should respond to real experiences more than to the labels attached to those experiences – that’s the concept of the rational agent. In practice, however, labels do matter… a lot.
Surveys capture narratives that may not fully reflect reality. Today, this is on full display in Americans’ views of the current U.S. economy.
The holidays have always been a time of higher-than-normal consumer spending. However, a drift downward in spending at this festive time of year has been occurring for years. This is likely a function of many things, the most important of which may be the decline in the number of children in the United States.