No Nonsense Economics
Relevant, hype-free insights about what’s happening in the global, U.S., and California economies.
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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…
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It’s The Demand Curve, Stupid… The biggest obstacle to slowing inflation is that the real causes of it—excessive consumer demand and rapidly rising wages—are too politically toxic to acknowledge. Consumers, Economic Policy, General Economy, Uncategorized September 15, 2022 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles The biggest obstacle to slowing inflation is that the real causes of it—excessive consumer demand and rapidly rising wages—are too politically toxic to acknowledge.…
Euro Vs. Dollar: If You’re Vacationing in the U.S., You’re Doing Life Wrong Beacon Economics is a leading provider of economic research,forecasting, and data analysis. General Economy August 16, 2022 Author: Flavia Garcia Flavia Garcia All Articles On the 13th of July 2022 the euro broke through parity with the dollar, meaning that one euro traded for less than one dollar. This had not happened in 20 years…
Why We Are Not In A Recession (at least not yet) Navigating Economic Misconceptions: A Deep Dive into the Dynamics Behind Negative Trends and the True State of the U.S. Economy. Budgets & Deficits, Economic Policy, General Economy August 1, 2022 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles In conversations about the economy, there are a lot of conventional wisdoms that are neither conventional nor wise. One very…
