by sslifer | Sep 16, 2022 | Commentary for the Week, NumberNomics Notes
September 16, 2022 The economy is showing hints of slowing down, but inflation remains stubbornly high. Given that the Fed’s goal is to bring inflation back to the 2.0% mark, nothing that happened last week is enough to convince it that the end of its tightening is...
by sslifer | Sep 9, 2022 | Commentary for the Week, NumberNomics Notes
September 9, 2022 We do not talk about growth outside the U.S. too much because the trade sector is such a small piece of the GDP pie. Typically, developments in Europe and Asia have only a minor impact on U.S. GDP growth and inflation. But that is not the case...
by sslifer | Sep 2, 2022 | Commentary for the Week, NumberNomics Notes
September 2, 2022 The Fed will raise rates at its meeting later this month. Most likely is an increase of 0.75%. But whatever happens, interest rates will climb significantly higher in the months ahead. The Fed has told us that. Pay attention! It is tempting to...
by sslifer | Aug 26, 2022 | Commentary for the Week, NumberNomics Notes
August 26, 2022 Economists continue to debate whether the economy is in recession. Citing back-to-back declines in first and second quarter GDP one group argues that the economy contracted in the first half of the year. Others look for confirming evidence from...
by sslifer | Aug 19, 2022 | Commentary for the Week, NumberNomics Notes
August 19, 2022 We have argued for some time that the underlying cause of the current soaring inflation rate was the surge in money supply growth that began in March and April 2020. Money growth skyrocketed as the Fed expanded its balance sheet by $3.0 trillion in...
by sslifer | Aug 12, 2022 | Commentary for the Week, NumberNomics Notes
August 12, 2022 The recently passed “Inflation Reduction Act” (IRA) is being hailed by President Biden, Democrats, and climate supporters as a game changer. It will allegedly reduce inflation, shrink the deficit, reduce carbon emissions and improve our climate. We...
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