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
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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…
The Impact Of COVID-19 On Los Angeles’ Entertainment Industry The onset of the COVID-19 pandemic was a generational challenge to the global entertainment industry, one that led to the delay or cancellation of up to 60% of scripted titles and to an 80% drop-in box-office revenue. blog, General Economy May 3, 2021 Author: Patrick Adler Patrick Adler All Articles “This analysis was originally published as part of the LA2021 Future…
Miserabilism and Money: Why More Stimulus Is A Bad Idea (part 2) Relevant, hype-free insights about what’s happening in the global, U.S., and California economies . Budgets & Deficits, Economic Policy February 24, 2021 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles Part 1 of this post (published last week) argued that the strong economic recovery the United States experienced in 2020 signifies that there is little real…