Written by Bill Watkins Previously published January 19, 2016 at newgeography.com. Every now and then, something happens to cause California’s comfortable establishment to celebrate the state’s economy. Recent budget surpluses and jobs data have provided […]
Read moreWhat is the right amount of debt for a particular borrower? This depends on the borrower. Are we talking about a corporation, a bank, a household, a government entity, or an investment fund? At a […]
Read moreAt the ASSA economics conference on Sunday, I attended a session on the equilibrium real (inflation adjusted) interest rate. This topic was being discussed in particular as a metric relating to sluggish U.S. economic growth […]
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