by sslifer | Mar 19, 2021 | Commentary for the Week, NumberNomics Notes
March 19, 2020 The Fed recently boosted its estimate of GDP growth for the year. It believes that the $1.9 trillion fiscal stimulus package is a sorely-needed tonic for the economy’s woes. It will presumably entice consumers to spend, businesses to start hiring...
by sslifer | Mar 12, 2021 | Commentary for the Week, NumberNomics Notes
March 12, 2021 On March 16 of last year President Trump ordered a national lockdown. As a result, the economy plunged into the deepest recession in its history. It is safe to say that at the time none of us would have expected the economy to be on a roll one year...
by sslifer | Mar 5, 2021 | Commentary for the Week, NumberNomics Notes
March 5, 2021 Payroll employment jumped by 379 thousand workers in February which was a much larger increase than had been anticipated. As impressive as the February jobs gain was, it was held in check by the severe winter weather which dampened both employment and...
by sslifer | Feb 26, 2021 | Commentary for the Week, NumberNomics Notes
February 26, 2021 For the first time in a long while bond market participants are concerned about inflation rising as the result of a combination of factors. The economy already has a head of steam with about 8.0% GDP growth expected in the first quarter. The...
by sslifer | Feb 26, 2021 | Commentary for the Week, NumberNomics Notes
February 26, 2021 The Federal Reserve Bank of New York recently released its quarterly report on consumer debt which rose by $206 billion in the fourth quarter to a record high level of $14.56 trillion, driven in part by a steep increase in mortgage originations. ...
by sslifer | Feb 19, 2021 | Commentary for the Week, NumberNomics Notes
February 19, 2021 Every year the Congressional Budget Office updates its forecasts of the budget deficit and Treasury debt outstanding for the upcoming 10-year period. It’s projected deficit for 2021 is $2.3 trillion (10.3% of GDP) which would be the second largest...
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