Once a year, the U.S. Bureau of Economic Analysis (BEA) releases a new set of economic growth estimates that include not yet released numbers for the second quarter and revisions to historical GDP estimates as […]
Read moreHere’s the first paragraph from a FED press release of July 20th: The Federal Reserve Board on Monday approved a final rule requiring the largest, most systemically important U.S. bank holding companies to further strengthen […]
Read moreCalifornia’s water regulatory environment is a mess. One result is that it’s expensive and often arbitrary. It’s expensive to support, but that’s the not biggest cost. The real loss is in the efficient use of […]
Read moreI’ve argued for some time that services for the wealthy will be a major source of Coastal California jobs in coming years. As people become more wealthy, they increase their specialization. That is, wealthy people […]
Read moreA few years ago, I was convinced that Greece would have to leave the European Union within months. So, I made some bets. Of course, I lost those bets. At the time, I attributed my […]
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