No Nonsense Economics

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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11
Jun

U.S. Financial Markets: What, Me Worry?

There has been a lot of ‘bubble’ talk lately. Sure, there is the lunatic fringe—such as Ron Paul’s online interview about the coming crash of the U.S. currency, or Jim Rickard’s dire warnings of the impending 25-year depression conveniently laid out in a $25 hardcover book ($13.99 for the Kindle edition!). But now, a number of more conventional voices are

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3
Jun

Autonomous Cars On The Way… What Do They Mean For Infrastructure Investment?

Here in Los Angeles, the first thing visitors learn is that our public transportation system won’t get them anywhere. The second thing they learn is that, according to legend, Henry Ford is the reason why. Car manufacturers (tire manufacturers in some retellings) tore up all of the train lines in Los Angeles in the early 20th century to make way

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7
May

Jerry’s Choice And The California ‘Drought’

Not long ago I wrote a short piece here on No Nonsense Economics noting that the current water situation in California should more aptly be named a ‘water shortage’ rather than a ‘drought’, the difference being that a drought is a water shortage with significant negative economic consequences. Such consequences are not something the state has experienced over the last few years

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27
Mar

We Need More Daylight Savings… Not Less!

Well, we recently went through the annual process of moving our clocks ahead an hour for daylight savings, and once again, the whole process has come under attack. This year it was featured prominently on the HBO comedy series Last Week Tonight with John Oliver in a segment called “Why is this still a thing?” There was nothing terribly new in the

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