by sslifer | Nov 20, 2020 | Commentary for the Week, NumberNomics Notes
November 20, 2020 Many economists and the media have developed a narrative that says the economy’s rebound in the third quarter was caused by the stimulus checks, stimulus will only provide a temporary lift to the pace of economic activity and, as a result, fourth...
by sslifer | Nov 13, 2020 | Commentary for the Week, NumberNomics Notes
November 13, 2020 Economists invariably cite a long laundry list of potential problems – the fiscal stimulus is wearing off, renewed shutdowns as the virus spreads more quickly, a delay in the development of a vaccine, an inability to distribute large quantities of...
by sslifer | Nov 6, 2020 | Commentary for the Week, NumberNomics Notes
November 6, 2020 The employment report for October confirmed that – contrary to the expectation of most economists – the economy remains on a strong upward trajectory. After a stunning 33.1% GDP rebound in the third quarter most economists thought that the fiscal...
by sslifer | Oct 30, 2020 | Commentary for the Week, NumberNomics Notes
October 3o, 2020 As the corona virus begins to spread more rapidly, the stock market is fretting about the possible re-imposition of a nationwide quarantine like what France and Germany just did. That would be a disastrous policy choice. A second quarantine would...
by sslifer | Oct 23, 2020 | Commentary for the Week, NumberNomics Notes
October 23, 2020 With every passing week the pace of economic activity remains robust. Signs of the long-awaited slowdown are elusive. While logic suggests that the economy should sputter as fiscal stimulus abates, the incoming data suggest otherwise. The labor...
by sslifer | Oct 16, 2020 | Commentary for the Week, NumberNomics Notes
October 16, 2020 The Federal Reserve has two goals –full employment and a 2.0% inflation rate. In the past those two goals were weighted equally. But in September the Fed said that with so many people still unemployed, its focus will be on achieving full employment...
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