by sslifer | Jul 23, 2021 | Commentary for the Week, NumberNomics Notes
July 23, 2021 The economy is on a roll with no appreciable slowdown in sight. The stock market reaches a new record high level every few weeks. Bond yields are lower than anybody expected with inflation on the rise. With such a heady economic and investment climate...
by sslifer | Jul 9, 2021 | Commentary for the Week, NumberNomics Notes
July 9, 2021 The Fed believes that the recent acceleration in inflation reflects temporary factors such as hiring bonuses, disruptions in the supply chain, and a rebound from prices that were depressed during the recession. That story is beginning to wear thin. Its...
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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