No Nonsense Economics
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Today’s Fed Decision: The Funds Rate Is Irrelevant—QT Is What Matters Until we understand the direction the Fed is going with its quantitative tools, and the impact on bank deposits, we cannot predict if the banking situation will improve or get worse. Uncategorized March 23, 2023 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles Today’s big news was that...
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For years, Proposition 13 (Prop 13) has been viewed as the third rail of California politics. While Prop 13 is responsible for capping annual property tax assessment increases at 2%, it also required that future tax increases face a two-thirds vote for passage, making it very difficult for elected officials to tinker with the tax code. In 2012, voters approved Prop 30 which both increased the statewide sales...
Editors Note: This posting was originally published on the Opinion Page of the Los Angeles Daily News. High housing costs continue to be at the center of policy debates in Los Angeles—and across much of the state. This intensifying focus is warranted now more than ever given how the crisis has moved from simply eating up the disposable income of residents to slowing overall employment growth in coastal economies...
Here it is, 2018, and the Inland Empire is yet again an economy on the move. In fact, it is currently the fastest growing major economy in the state in terms of employment. The 3.2% annual job growth rate as of December is higher than San Francisco (2%), San Jose (1.7%), and Orange County (.8%). Yet despite all this growth, the region may still feel overlooked inasmuch as...