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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- blog
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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…
Quixotic Fed Policy and the Real Estate Cycle Beacon Economics is a leading provider of economic research,forecasting, and data analysis. Real Estate December 2, 2022 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles Over the past year U.S. mortgage rates have risen from sub-3% to over 7%. Unsurprisingly the nation’s real estate market is swooning; home sales are plummeting, inventories of new homes for sale are rising…
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.…