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Downgrading The Economic Outlook: Credit Shortages Will Become A Problem By End of 2023 </h1 > Beacon Economics’ expectation is that over the next few months short run interest rates will stabilize, but long run rates will again start to rise. Uncategorized May 16, 2023 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles Despite a year of recession...
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It is often said that generals always fight the last war—and this applies to that still highly overused and abused political catch phrase “jobs, jobs, jobs.” Such rhetoric about creating new jobs continues to be attached to the rollout of almost any new government policy, regardless of the veracity or relevance of the claim. Times change, as do economic realities and creating jobs is not our challenge or...
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...