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Tackling the U.S. National Debt: Pick Your Poison, America
- April 29, 2026
- Posted by: Niree Kodaverdian, PhD
- Categories: Budgets & Deficits, Economic Policy, Economics, General Economy, Taxes and Regulations
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The most pressing issue facing the U.S. economy is deficit spending and the growing national debt… that’s where the policy focus should be.
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Priced Out of California: Call A Supply Problem A Supply Problem
- April 28, 2026
- Posted by: Christopher Thornberg, PhD
- Categories: Economic Policy, Economics, General Economy, Real Estate
More than 850,000 residents moved out of California over the past decade, but we’re still not doing the one and only thing that will stem the tide… building more housing.
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Tariffs and Turbulence: Last Week In Review
- February 25, 2026
- Posted by: Christopher Thornberg, PhD
- Categories: Consumers, Economic Policy, Economics, General Economy, International, Taxes and Regulations
With debt above $40 trillion and deficits projected to widen, the nation is in an increasingly fragile fiscal position.
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Surveys and the Economy—What They Do and Don’t Tell Us
- April 17, 2024
- Posted by: Christopher Thornberg, PhD
- Categories: Economic Policy, Economics, General Economy
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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The Changing Patterns Of Holiday Spending
- December 21, 2023
- Posted by: Christopher Thornberg, PhD
- Categories: Economic Policy, Economics, General Economy
The holidays have always been a time of higher-than-normal consumer spending. However, a drift downward in spending at this festive time of year has been occurring for years. This is likely a function of many things, the most important of which may be the decline in the number of children in the United States.
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Fed Policy in 2024: Bad News For People Who Like Bad News
- December 19, 2023
- Posted by: Christopher Thornberg, PhD
- Categories: Economic Policy, Economics, General Economy
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 are mainly trying to anticipate what the average trader thinks the average trader thinks is about to happen. Such nested logic can generate wild volatility in the market’s response to the silliest peices of news. This has been proven yet again in the waning days of 2023 with a big jump in equity and bond prices, all because of the odd notion that there has been a sharp pivot in Federal Reserve policy. The market now anticipates that the Fed will lower interest rates multiple times next year.
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The Recession That Didn’t Happen… And Why Most Forecasters Got It Wrong
- August 8, 2023
- Posted by: Christopher Thornberg, PhD
- Categories: Economic Policy, Economics, General Economy
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Californians Moving Out Is Not The State’s Most Worrisome Trend
- May 24, 2023
- Posted by: Benjamin Noon
- Categories: Economic Policy, Real Estate
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It’s The Demand Curve, Stupid…
- September 15, 2022
- Posted by: Christopher Thornberg, PhD
- Categories: Consumers, Economic Policy, General Economy, Uncategorized
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Why We Are Not In A Recession (at least not yet)
- August 1, 2022
- Posted by: Christopher Thornberg, PhD
- Categories: Budgets & Deficits, Economic Policy, General Economy
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