by sslifer | Mar 17, 2023 | Commentary for the Week, NumberNomics Notes
March 17, 2023 The banking crisis has now swallowed three U.S. institutions — Silvergate, Silicon Valley Bank, and Signature Bank — and threatens First Republic Bank. There was a legitimate fear that other regional banks could have similar difficulties. ...
by sslifer | Mar 10, 2023 | Commentary for the Week, NumberNomics Notes
March 10, 2023 This past week Silicon Valley Bank warned that it was having difficulty and needed to issue additional stock to counter losses on its holdings of securities. That announcement crushed bank stocks and dinged the overall market. This can happen when the...
by sslifer | Mar 3, 2023 | Commentary for the Week, NumberNomics Notes
March 3, 2023 The housing sector was a major drag on the economy in 2022, particularly in the second half of the year when it subtracted 1.2% from GDP growth. But that headwind will disappear in 2023 as steadily falling home prices boost affordability. Home sales...
by sslifer | Feb 24, 2023 | Commentary for the Week, NumberNomics Notes
February 24, 2023 The past few weeks have burst the soft landing bubble. First quarter GDP growth estimates have been rising steadily from 0.5% at the beginning of the year to 2.0-2.5% currently. All inflation measures were revised higher in the final few months of...
by sslifer | Feb 17, 2023 | Commentary for the Week, NumberNomics Notes
February 17, 2023 One of the most perplexing aspects of today’s economy is the enduring strength of the labor market. The three-month average increase of 356 thousand jobs is far larger than anyone expected. The most often cited explanation is that given the extreme...
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