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...
by sslifer | Aug 12, 2022 | Commentary for the Week, NumberNomics Notes
August 12, 2022 The markets survived the recession scare in the first two quarters of this year. However, they remain convinced that the peak in interest rates is not too far distant. Thus, they believe that growth will have slowed enough, and inflation will have...
by sslifer | Aug 5, 2022 | Commentary for the Week, NumberNomics Notes
August 5, 2022 GDP declined in the first two quarters of the year. Some economists suggest that the economy was in recession during that period of time or about to go into one. But many economic indicators tell us that was not the case. Employment, industrial...
by sslifer | Jul 29, 2022 | Commentary for the Week, NumberNomics Notes
July 29, 2022 The recession/no recession debate will continue for a while and be especially heated amongst politicians. When the dust settles we are certain that the National Bureau of Economic Research (NBER) will not categorize the performance of the economy in the...
by sslifer | Jul 22, 2022 | Commentary for the Week, NumberNomics Notes
July 22, 2022 The dance between growth, inflation, and Fed action continues this week as the Fed once again will raise the federal funds rate. The consensus is for an increase of 0.75% which would put the funds rate at 2.5%. Whatever the outcome of the meeting, this...
by sslifer | Jul 15, 2022 | Commentary for the Week, NumberNomics Notes
July 15, 2022 Second quarter GDP growth will be released on Thursday morning, July 28 – the day after the FOMC meeting. For what it is worth, we expect 0.5% GDP growth in that quarter. But combining that growth rate with a 1.6% decline in the first quarter paints a...
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