No Nonsense Economics
Relevant, hype-free insights about what’s happening in the global, U.S., and California economies.
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Surveys capture narratives that may not fully reflect reality. Today, this is on full display in Americans’ views of the current U.S. economy.
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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 calls by many, the U.S. economy came into…
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 the Federal Reserve only raised the Federal Funds…
No Recession In 2023 So… all in all, in the year ahead, expect to be surprised largely by the lack of surprises. Uncategorized January 10, 2023 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles “If the economy shrinks next year, no one should be surprised. We’re facing the most widely forecast recession in history.”Wall Street Journal, Dec 4, 2022 The year 2022 was like the proverbial month…