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...
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...
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...
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...
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