by sslifer | Nov 27, 2020 | Commentary for the Week, NumberNomics Notes
November 27, 2020 The issue is no longer whether additional government spending is required. It is coming. With President-elect Biden in favor, his Treasury Secretary Janet Yellen pushing for it, and Fed Chair Powell on board it is clear that by early next year we...
by sslifer | Nov 25, 2020 | Housing, NumberNomics Notes
November 25, 2020 New home sales declined 0.3% in October to 999 thousand, but that modest decline follows a sharp upward revision to earlier months. The September level of 1002 is the fastest pace of sales since November 2006. After dramatic increases in each of...
by sslifer | Nov 25, 2020 | Consumer, NumberNomics Notes
November 25, 2020 The final estimate of consumer sentiment for November came in at 76.9 which is virtually identical to the preliminary estimate of estimate of 77.0 Thus, consumer sentiment for November fell 4.9 points to 76.9 after having risen 1.4 points in...
by sslifer | Nov 25, 2020 | Industrial Production, NumberNomics Notes
November 25, 2020 Durable goods orders rose 1.3% in September after after jumped 2.1% in September and risen 0.4% in August. Durables plunged in March and April. The imposition of the stringent measures put into place in mid-March to stop the spread of the corona...
by sslifer | Nov 25, 2020 | GDP, NumberNomics Notes
November 25, 2020 The revised estimate of third quarter GDP was unchanged at 33.1% after having fallen 31.4% in the second quarter. Both swings were record-breaking quarterly changes.. Led by consumer spending and housing, GDP surged in the third quarter and these...
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