by sslifer | Nov 29, 2024 | Uncategorized
November 29, 2024 There will be no economic commentary this week..Back in the groove next week. Enjoy the time this weekend with your friends and family and be thankful for all that you have. Steve
by sslifer | Nov 27, 2024 | Housing, NumberNomics Notes
November 27, 2024 Pending home sales rose 2.0% in October to 77.4 after jumping 7.5% in September and 0.6% in August. This is the third consecutive increase in this series. The National Association of Realtors chief economist, Lawrence Yun said, “Homebuying...
by sslifer | Nov 27, 2024 | GDP, NumberNomics Notes
November 27, 2024 . The preliminary estimate of third quarter GDP was 2.8% which is identical to the advance estimate of third quarter GDP growth released one month ago. This compares to GDP growth of 3.0% in the second quarter. Final sales, which is GDP excluding...
by sslifer | Nov 27, 2024 | GDP, NumberNomics Notes
November 27, 2024 When the economy is slowing down, firms will accumulate unwanted inventories. Those inventories still show up in GDP, but they are unsold. Hence, GDP will be biased upwards. Similarly, in good times businesses will reduce inventory levels to...
by sslifer | Nov 27, 2024 | GDP, NumberNomics Notes
November 27, 2024 It is important to remember that final sales is a measure of how many domestically produced goods are sold each quarter. But we also sell goods overseas — our exports. And we purchase goods from other countries — our imports. In the...
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