by sslifer | Oct 26, 2018 | Commentary for the Week, NumberNomics Notes
October 26, 2018 Stock market volatility in recent weeks has increased dramatically as investors try to cope with multiple worries including rising interest rates, China, the election, and some surprising weakness in housing. Typically, stock market corrections are...
by sslifer | Oct 19, 2018 | Commentary for the Week, NumberNomics Notes
October 19, 2018 President Trump recently tweeted, “I think the Fed is making a mistake. They’re so tight. I think the Fed has gone crazy”. The Fed is not crazy. Fed policy is not tight by any standard. And presidential rhetoric is not going to influence...
by sslifer | Oct 12, 2018 | Commentary for the Week, NumberNomics Notes
October 12, 2018 A broad-based, dramatic decline in the stock market is always nerve-wracking. Most of the time it has little economic significance and reflects nothing more than normal stock market volatility. But when the end of an economic expansion is...
by sslifer | Oct 5, 2018 | Commentary for the Week, NumberNomics Notes
October 5, 2018 The combination of strong economic news and a 48-year low in the unemployment rate this past week spooked the bond market and pushed bond yields to their highest level in seven years. The speed of ascent in bond rates created jitters in the stock...
by sslifer | Sep 28, 2018 | Commentary for the Week, NumberNomics Notes, Uncategorized
I am out of town this week. Will be back next week. The data released this past week are consistent with GDP growth in the third quarter of about 3.0%. The Fed’s tightening move this week and the one upcoming in December are also in line with expectations. ...
by sslifer | Sep 21, 2018 | Commentary for the Week, NumberNomics Notes
September 21, 2018 The tax cuts have been in place for almost a year. Trump tried to sell the notion that they would stimulate growth in the economy and generate enough additional tax revenue that budget deficits would disappear in the years ahead. Most economists...
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