by sslifer | Jul 2, 2021 | Commentary for the Week
July 2, 2021 The economy generated an impressive 850 thousand jobs in June. Having closed out the second quarter on a strong note it appears that robust GDP growth will continue throughout the summer. We now expect 9.0% GDP growth in the second quarter, followed by...
by sslifer | Jun 25, 2021 | Commentary for the Week, NumberNomics Notes
June 25, 2021 New home sales peaked in January and have dropped sharply in each of the past four months. It is tempting to conclude that the rapid increase in home prices is beginning to take a toll on the red hot housing sector. That would be the wrong conclusion. ...
by sslifer | Jun 18, 2021 | Commentary for the Week, NumberNomics Notes
June 18, 2021 The Fed has finally given us a time schedule for when it might be inclined to raise rates. The Fed’s current forecasts of GDP growth, the unemployment rate, and inflation mean little because the Fed has been far off the mark this past year. But what...
by sslifer | Jun 11, 2021 | Commentary for the Week, NumberNomics Notes
June 11, 2021 The CPI rose sharply in May for the second consecutive month. Large increases are often attributable to the volatile food and energy categories. Not this time. It is the run-up in the so-called core rate that is troublesome. Much of the increase was...
by sslifer | Jun 4, 2021 | Commentary for the Week, NumberNomics Notes
June 4, 2021 As each month passes it is clear that the demand side of the economy is showing no sign of slowing down. On the production side, employers are able to hire a respectable number of new workers but they need far more bodies than they are able to find. In...
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