by sslifer | Jun 19, 2020 | Commentary for the Week, NumberNomics Notes
June 19, 2020 The National Bureau of Economic Research has already indicated that the record breaking, 128-month expansion ended in February. This means that the economy entered a recession in March, continued in recession in April, but returned to growth mode in...
by sslifer | Jun 12, 2020 | Commentary for the Week, NumberNomics Notes
June 12, 2020 Stock market participants got nervous this past week. Some have suggested the selloff was triggered by Fed Chair Powell’s pessimistic view of the economy. Others pointed to a pickup in the number of new cases of the corona virus and fear of a “second...
by sslifer | Jun 5, 2020 | Commentary for the Week, NumberNomics Notes
June 5, 2020 Payroll employment rose 2,509 thousand in May which exceeded everyone’s expectation. But this outcome seems to reflect a very slight difference in the timing of when workers returned to work and, for this reason, does not change the overall outlook for...
by sslifer | May 29, 2020 | Commentary for the Week, NumberNomics Notes
May 29, 2019 Two things for you to read this week. First, read the usual weekly article on how the economy touched bottom in the second half of May and has now begun to turn upwards. But also read the piece on consumer spending and personal income. A huge drop in...
by sslifer | May 29, 2020 | Commentary for the Week, NumberNomics Notes
May 29, 2020 Every recent indicator has confirmed that the economy has stopped dead in its tracks. The economy was expanding nicely in January and February but the lock down measures that went into effect in mid-March were so pervasive that GDP declined 5.0% in the...
by sslifer | May 22, 2020 | Commentary for the Week, NumberNomics Notes
May 22, 2020 Modern monetary theory has moved to center stage in the debate about the proper role of monetary policy. Whether you are a strident believer or a ferocious detractor depends largely upon your political persuasion. The left-wing of the Democratic Party...
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