No Nonsense Economics
Relevant, hype-free insights about what’s happening in the global, U.S., and California economies.
Beacon Economics publishes a variety of online reports that analyze and forecast the U.S., California, and California regional economies. These publications provide users with the latest data, and with substantive commentary on the overall direction of the economy, employment and unemployment, international trade, real estate markets, consumer and business spending, and much more. The reports represent only a sampling of the kind of analysis Beacon Economics produces.
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For all the sophistication of modern asset markets, at their core, they are still just Keynesian beauty contests. Keynes’s metaphor for the markets derived from a special type of beauty contest where the judges don’t pick who they think is most attractive, but who they think will be most attractive to all the other judges. His intuition is that traders...
- All
- blog
- Budgets & Deficits
- Business plans
- Business plans
- Business plans
- Competitive research
- Consumers
- Economic Policy
- Economics
- Environment
- Finance & accounting
- Finance & accounting
- Finance & accounting
- Franchising
- Funding trends
- Funding trends
- Funding trends
- General Economy
- Healthcare
- Innovation
- International
- Real Estate
- Social Issues
- Taxes and Regulations
- Transportation
Our elected officials in Washington DC continue to struggle over the issue of immigration policy reform. The Trump administration has already made its views known, with its Muslim Ban, mixed signals on the DACA (Deferred Action for Childhood Arrivals) program, and more recently, its immigration reform proposal, a plan that reflects a much more restrictive stance toward immigrants than previous administrations. Based on comments made by members of...
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...