General Economy
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. The August CPI report showed prices in the United States continuing to increase, contrary to the predictions of most Blue-Chip forecasts and the Federal Reserve. This has spooked the markets and caused a sharp decline in
Euro Vs. Dollar: If You’re Vacationing in the U.S., You’re Doing Life Wrong
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 and is a symbolic testament to the dollar’s strength. It follows that as the euro currency weakens, exports of goods and services from the Eurozone become more attractive. Indeed,
Why We Are Not In A Recession (at least not yet)
In conversations about the economy, there are a lot of conventional wisdoms that are neither conventional nor wise. One very relevant example today is the idea that a recession is defined as two consecutive quarters of negative GDP growth, exactly what the United States experienced in the first half of 2022. This definition enjoys wide acceptance and shows up in
What The Fed’s Rate Hike And The 1st Quarter Contraction Means… And Doesn’t Mean
Given the frenzied and contradictory economic news lately, I wouldn’t blame anyone for having a bad case of whiplash. It’s difficult to get a read on what’s happening when the headlines flip between bull and bear faster than the stock market. One moment the discussion is about labor shortages restraining growth even as the administration pitches new relief efforts, how
Why GDP Growth Should Slow… And Why It Won’t
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 spending on durables, is the primary culprit. Business investment slowed as well. Not surprisingly, the relatively weak number has led to an abundance of hang-wringing by pundits and many in
The Impact Of COVID-19 On Los Angeles’ Entertainment Industry
This analysis was originally published as part of the LA2021 Future of Creative Talent Summit and was co-authored by Patrick Adler, Adam Fowler, and Mazen Bou Zeineddine. 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%
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