by sslifer | Apr 4, 2024 | NumberNomics Notes, Retail Sales
April 4, 2024 Unit car and truck sales fell 1.3% in March to 15,489 thousand after having jumped 5.5% in February. The supply challenges that had curtailed car sales for more than two years has ended. The supplier delivery component of the purchasing managers’...
by sslifer | Oct 6, 2023 | Commentary for the Week, NumberNomics Notes
October 6, 2023 With a surprisingly large 336 thousand increase in payroll employment for September, one can make a plausible case that the Fed will boost the funds rate by 0.25% to 5.75% at the end of this month. We disagree. We are looking for no change in the...
by sslifer | Aug 18, 2023 | Commentary for the Week, NumberNomics Notes
October 18, 2023 The budget problem has arrived. Budget deficits are averaging $2.0 trillion which means that the government must issue an equivalent amount of debt every year to pay its bills. As a result, debt in relation to GDP is expected to climb to 119% by...
by sslifer | May 12, 2023 | Commentary for the Week, NumberNomics Notes
May 12, 2023 Once again our leaders in Washington are playing a dangerous game of chicken with debt limit legislation. Thus far the markets are largely ignoring the issue, and for good reason. Congress has acted on 78 separate occasions since 1960 to raise the debt...
by sslifer | Dec 2, 2022 | Commentary for the Week, NumberNomics Notes
December 2, 2022 The world is focused on the combination of GDP growth, inflation, and expected Fed action, and certainly those topics are important. But there has been little discussion of the damage done by the government’s debt explosion in the past couple of...
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