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The Year Ahead – 2021

by sslifer | Dec 11, 2020 | Commentary for the Week, NumberNomics Notes, The Year Ahead Outlook

December 11, 2020 The most surprising aspect of the economy in 2020 was the extraordinary rebound in growth following the quarantine-induced collapse in economic activity in the second quarter.  Jobs growth consistently outpaced expectations which caused the...

Soft Employment Report Lights a Fire Under Congress

by sslifer | Dec 4, 2020 | Commentary for the Week, NumberNomics Notes

December 4, 2020 Private sector employment rose 344 thousand in November which was a disappointment to us.  We had expected an increase of 700 thousand.  However, layoffs and the number of people receiving unemployment benefits are declining steadily which means that...

2021 Economic Outlook Conference

by sslifer | Nov 27, 2020 | Commentary for the Week, NumberNomics Notes

It is that time of the year again.  My annual Economic Outlook Conference will be coming up on Thursday morning, December 3.  It will be a Zoom webinar.  It does not seem like the right time to do a live presentation at the Daniel Island Club. The good news is that...

You Cannot Put Humpty Dumpty Together Again

by sslifer | Nov 27, 2020 | Commentary for the Week, NumberNomics Notes

November 27, 2020 The issue is no longer whether additional government spending is required.  It is coming.  With President-elect Biden in favor, his Treasury Secretary Janet Yellen pushing for it, and Fed Chair Powell on board it is clear that by early next year we...

Can Consumers Keep Spending?

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...

Sustainable Growth is Around the Corner

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...
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