by sslifer | Sep 14, 2023 | NumberNomics Notes, Retail Sales
September 14, 2023 Retail sales rose 0.6% in August after climbing 0.5% in July. In the past year retail sales have risen by 2.5%. Motor vehicle sales rose 0.3% in August after declining 0.4% in July. In the past year car sales have climbed by 4.4% as inventory...
by sslifer | Sep 12, 2023 | Consumer
September 12, 2023 .Consumer net worth rose $5.5 trillion in the second quarter. That works out to an annualized rate of increase of 14.8% which follows an 8.2% increase in the first quarter. Over the past year consumer net worth has increased 4.9%. The growth in...
by sslifer | Sep 12, 2023 | Miscellaneous, NumberNomics Notes
September 12, 2023 Economists like to keep an eye on the amount of leverage amongst corporations. When corporations take on huge amounts of debt in relation to their net worth, any economic downturn will be much more severe than it would otherwise be as corporations...
by sslifer | Sep 12, 2023 | Miscellaneous, NumberNomics Notes
September 12, 2023 Corporate cash holdings in the first half of 2020 as the government quarantine basically caused the economy to stop dead in its tracks. Firms needed to raise money wherever they could to keep them going until such time as the virus eased its grip...
by sslifer | Sep 12, 2023 | Miscellaneous, NumberNomics Notes
September 12, 2023 . Small business optimism fell 0.6 point in August to 91.3 after having risen 0.9 point in July. These levels are roughly in line with the low point in the March/April 2020 recession which seems excessively low to us. They are well below the...
by sslifer | Sep 12, 2023 | Inflation, NumberNomics Notes
September 12, 2023 The CPI jumped 0.6% in August after climbing 0.2% in July The year-over-year increase is currently 3.7%. We expect the CPI to increase 4.0% in 2023, and 3.0% in 2024. While the markets are convinced that inflation will now improve rapidly, that...
Follow Me