No Nonsense Economics

30
Jun

Brexit As A Non Issue

When the UK voted to leave the European Union, it set off an explosion of media coverage even as equity markets around the globe, including in the United States, dived in the aftermath. Bond markets rallied and the $US spiked up sharply. The market has settled down a bit—but judging by the initial reactions you’d think Brexit was the single

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21
Apr

California’s Minimum Wage Hike Debate…Or Debacle?

A few weeks ago Governor Jerry Brown suddenly, and seemingly without warning, reached a deal with union groups under which California’s minimum wage will be sharply raised to $15 per hour by 2022. The measure was quickly rubber-stamped by the state legislature and puts California firmly on a path to one of the highest wage floors in the nation. The

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16
Mar

US Financial Market Drama: Much Ado About Nothing

This year started with a thud rather than a bang as financial markets across the globe saw major selloffs. Analysts liberally assigned the cause of the panic to fears about oil, fears about China, fears about terrorism, fears about deflation, fears about who knows what—perhaps fears about fears. But whatever was driving the alarm appears to have faded. Major stock

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26
Feb

Exporting Water In A Drought

The good news is that El Nino came back in 2016 bringing with it much needed rains and a snowpack that is already well above normal. California’s drought may not be gone—in fact it could go on for some time—but its effects are clearly reduced. That doesn’t mean we should stop talking about water, however. There will be another drought

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4
Feb

What’s With Iowa?

As we kick off 2016 here at No Nonsense Economics it’s the perfect time to give a nod to the ‘official’ start of the presidential election year. This week’s Iowa caucus has once again raised eyebrows – and hackles. The amount of time and money candidates spend in this small mid western farm state is truly astonishing—not to mention the

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9
Dec

FFR: The Kardashians Of The Financial World

It’s that time of the year again. Not the holiday shopping season—I’m referring to the rampant speculation over what might happen at the next bi-monthly Federal Reserve (Fed) board meeting on December 15 and 16. The amount of press devoted to these meetings and their outcomes is astonishing—almost as intense as the level of guesswork over what one of the

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3
Dec

Cut Me Some Slack: The Real Concern in Today’s Economy

As the tech sector continues its robust expansion, concern over whether the economy is in another bubble and speculation about when the next recession will hit, has deepened. However, today’s much more prescient question is how we cope with and maintain the growth the nation continues to experience. How do we meet our growing demand for labor? The recent release of the

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13
Oct

How Many Holes Does It Take To Fill The Albert Hall?

Advocates pushing for both education and immigration reform in the United States often invoke the ‘needs’ of the U.S. labor market in making their pitch. For example the U.S. Bureau of Labor Statistics regularly releases occupation forecasts for the nation, identifying how many Bachelor Degrees the nation needs to produce in the next 20 years to fill open positions in

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8
Oct

A High Five for EB-5

Advocates pushing for both education and immigration reform in the United States often invoke the ‘needs’ of the U.S. labor market in making their pitch. For example the U.S. Bureau of Labor Statistics regularly releases occupation forecasts for the nation, identifying how many Bachelor Degrees the nation needs to produce in the next 20 years to fill open positions in

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29
Jul

A Crisis Too Good To Waste

Between California’s odd summer storm, rising seawater temperatures, and muggy summer, it’s pretty clear that the El Nino weather phenomena is starting to form out in the Pacific Ocean. This promises to make the next few winters wet ones, and bring on the beginning of the end of the drought that has been plaguing the state. But that doesn’t mean

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