No Nonsense Economics
Relevant, hype-free insights about what’s happening in the global, U.S., and California economies.
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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…
President Donald Trump has promised to radically change the trade relationship between the United States and the rest of the world. He has already pulled the nation out of the Trans-Pacific Partnership (TPP), has promised to renegotiate the North American Free Trade Agreement (NAFTA), and intends to penalize China for unfair trade practices. President Trump argues that the United States has negotiated trade deals poorly and the results…
Californians are correct to be worried about the future of the Affordable Care Act (ACA) now that the Republicans control both branches of Congress and the White House. But they should be more worried about a looming crisis that neither presidential candidate addressed during the contentious election season — the coming fiscal calamity being driven by spiking Medicare costs. During President Obama’s administration, the Republican controlled congress voted…
