by sslifer | Apr 15, 2022 | Commentary for the Week, NumberNomics Notes
April 15, 2022 Housing Is Still Relatively Affordable Home prices having been rising rapidly and mortgage rates have surged in the first few months of this year. Clearly, housing has become less affordable than it was previously. The impact has been felt largely on...
by sslifer | Apr 8, 2022 | Commentary for the Week, NumberNomics Notes
April 8, 2022 With a little help from Fed officials the markets finally woke up to the fact that the Fed is far behind the curve and will need to act far more aggressively than Powell described in mid-March. Based on speeches given last week the Fed seems intent on...
by sslifer | Apr 1, 2022 | Commentary for the Week, NumberNomics Notes
April 1, 2022 The March employment report indicates that the economy continued to expand at a moderate pace in March. GDP growth in the first quarter was hit early by COVID difficulties and later by the outbreak of war. But yet jobs climbed by 431 thousand in March...
by sslifer | Apr 1, 2022 | Commentary for the Week, NumberNomics Notes
April 1, 2022 The President recently released his 2023 budget. Throughout history, the federal government has boosted spending during the bad times as tax revenues decline and expenditures climb. In good times the government is supposed to take advantage of...
by sslifer | Mar 25, 2022 | Commentary for the Week, NumberNomics Notes
March 25, 2022 We do not expect a recession any time between now and the end of 2023 largely because real interest rates will remain negative, and because there remains considerable excess liquidity in the economy. Other economists are more concerned, but nobody is...
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