Debt Outstanding

January 25, 2020 The Congressional Budget Office recently reported that the  budget deficit for the current fiscal year is likely to be $1.0 trillion.   A deficit of that magnitude will push debt held by the public to 80.7% of GDP.  For the first seven years of the...

Budget Deficit

January 25, 2020 The Congressional Budget Office reported that the budget deficit for fiscal year 2019 came in at $984 billion.  For the current fiscal year (FY 2020)  the budget deficit is projected to be $1.0 trillion.  It will remain above the $1.0 trillion level...

Initial Unemployment Claims

January 23, 2020 Initial unemployment claims rose 6 thousand in the week ending January 81 to 211 thousand.  The four-week average of claims declined 4 thousand to 213 thousand.  The 4-week average for the week of April 13 of 202 thousand was the lowest for the...

Consumer Debt Service Ratio

January 20, 2020 Consumers debt service payments relative to income was unchanged in the third quarter at 9.7% which is the lowest on record for a series that stretches back to 1980 — 38 years ago! The household debt service ratio is an estimate of the ratio of...