by sslifer | Jun 23, 2023 | Commentary for the Week, NumberNomics Notes, Uncategorized
June 23, 2023 With every passing month the Conference Board’s index of leading indicators continues to decline and economists become even more convinced that a recession is on the immediate horizon. The problem is that the economy is not cooperating. Businesses are...
by sslifer | Jun 2, 2023 | Commentary for the Week, NumberNomics Notes
June 2, 2023 The monthly employment report is always a key indicator for economists in assessing the degree of economic activity for any given month. It is significant because it is the first solid evidence of what the economy did in the prior month. It has the...
by sslifer | May 17, 2023 | Housing, NumberNomics Notes
May 17, 2023 Home ownership rose 0.1% in the first quarter to 66.0 after having declined 0.1% in the fourth quarter. Homeownership had been rising gradually for several years before the pandemic hit. It jumped 2.6% in the second quarter of 2020 to 67.9, but has...
by sslifer | Mar 24, 2023 | Commentary for the Week, NumberNomics Notes
March 24, 2023 The Federal Reserve as an institution will never say it expects a recession. But Fed governors and Federal Reserve Bank presidents individually may have that expectation. That seems to be the case at the moment. This past week we learned more about...
by sslifer | Mar 3, 2023 | Commentary for the Week, NumberNomics Notes
March 3, 2023 The housing sector was a major drag on the economy in 2022, particularly in the second half of the year when it subtracted 1.2% from GDP growth. But that headwind will disappear in 2023 as steadily falling home prices boost affordability. Home sales...
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