by sslifer | Nov 3, 2023 | Commentary for the Week, NumberNomics Notes
November 3, 2022 The employment report for October confirmed that the monthly gains in employment continue to slow gradually. The 150 thousand increase in employment was held down by the loss of 33 thousand workers in the automobile industry caused by the UAW strike,...
by sslifer | Oct 27, 2023 | Commentary for the Week, NumberNomics Notes
October 27, 2023 The budget deficit for fiscal 2023 was $1.7 trillion but nobody cared`. Projected budget deficits for the next ten years never get smaller and within five years are expected to exceed $2.5 trillion. As a result, the Treasury will add $20 trillion to...
by sslifer | Oct 20, 2023 | Commentary for the Week, NumberNomics Notes
October 20, 2023 Consumer sentiment today is far below the pandemic-induced recession level of 2020 and roughly where it was at the low-point of the 2008-09 so-called great recession – the longest and deepest recession since the depression in the 1930’s. One wonders...
by sslifer | Oct 13, 2023 | Commentary for the Week, NumberNomics Notes
October 13, 2023 The economic situation was already complicated with the resumption of payments on student loans, the ongoing UAW strike, and a dysfunctional Congress with the prospect of a government shutdown looming. But now the outbreak of war in the Middle East...
by sslifer | Oct 6, 2023 | Commentary for the Week, NumberNomics Notes
October 6, 2023 With a surprisingly large 336 thousand increase in payroll employment for September, one can make a plausible case that the Fed will boost the funds rate by 0.25% to 5.75% at the end of this month. We disagree. We are looking for no change in the...
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