by sslifer | Jan 25, 2020 | Budget / Debt Outstanding, NumberNomics Notes
January 25, 2020 The Congressional Budget Office recently reported that the budget deficit for the current fiscal year is likely to be $1.0 trillion. A deficit of that magnitude will push debt held by the public to 80.7% of GDP. For the first seven years of the...
by sslifer | Jan 25, 2020 | Budget / Debt Outstanding, NumberNomics Notes
January 25, 2020 The Congressional Budget Office reported that the budget deficit for fiscal year 2019 came in at $984 billion. For the current fiscal year (FY 2020) the budget deficit is projected to be $1.0 trillion. It will remain above the $1.0 trillion level...
by sslifer | Jan 24, 2020 | Commentary for the Week, NumberNomics Notes
January 24, 2019 Existing home sales continued to climb in December to 5,540 thousand which is 10.8% higher than they were in December a year ago. Rising consumer income and low mortgage rates are bringing potential buyers back into the market. That is good. But,...
by sslifer | Jan 23, 2020 | Employment, NumberNomics Notes
January 23, 2020 Initial unemployment claims rose 6 thousand in the week ending January 81 to 211 thousand. The four-week average of claims declined 4 thousand to 213 thousand. The 4-week average for the week of April 13 of 202 thousand was the lowest for the...
by sslifer | Jan 20, 2020 | Consumer, NumberNomics Notes
January 20, 2020 Consumers debt service payments relative to income was unchanged in the third quarter at 9.7% which is the lowest on record for a series that stretches back to 1980 — 38 years ago! The household debt service ratio is an estimate of the ratio of...
by sslifer | Jan 20, 2020 | Housing, NumberNomics Notes
January 22, 2020 Existing home sales jumped 3.6% in December to 5,540 thousand after having fallen 1.7% in November. Sales currently are 10.8% higher than where they were at this time last year. Lawrence Yun, NAR chief economist said that “Home sellers are positioned...
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