No Nonsense Economics
Relevant, hype-free insights about what’s happening in the global, U.S., and California economies.
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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.
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Californians Moving Out Is Not The State’s Most Worrisome Trend Exploring the overlooked trend of Californians staying put and its implications. Economic Policy, Real Estate May 24, 2023 Author: Benjamin Noon Benjamin Noon All Articles Over the past few years, it would have been difficult to miss news coverage reporting that people are leaving California for
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
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