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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- blog
- Budgets & Deficits
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- Real Estate
- Social Issues
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- Uncategorized
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…
What The Fed’s Rate Hike And The 1st Quarter Contraction Means… And Doesn’t Mean A Roller Coaster Economy: Analyzing the Aftermath of Stimulus and Rate Hikes on the U.S. Financial Landscape Budgets & Deficits, Consumers, Economic Policy, General Economy May 10, 2023 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles Given the frenzied and contradictory economic news lately, I wouldn’t blame anyone for having a bad case of whiplash. It’s…
Why GDP Growth Should Slow… And Why It Won’t The Complexities Behind the US GDP Slowdown and the Factors Preventing its Decline. Budgets & Deficits, General Economy November 3, 2021 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles In the 3rd quarter, U.S. GDP grew by 2%, down from an almost 6% pace over the three preceding quarters. Weak growth in consumer spending, with a sharp drop in…