Consumer Sentiment

July 31, 2020 The final estimate of consumer sentiment for July fell 5.6 points in July 72.5.  That compares to an initial reading of  73.2.  Thus, sentiment appears to have declined somewhat in the second half of the month as the more rapid pace of spread of the...

Initial Unemployment Claims

July 30, 2020 .Initial unemployment claims for the week of July 25 rose 12 thousand  to 1,434 thousand after having risen 114 thousand in the previous week, but having decline declined in each of the previous 15 weeks.  Claims have fallen steadily since reaching a...

Forget the Stimulus

July 24, 2020 Our policy makers in Washington are talking about another stimulus bill of $1.0-3.0 trillion.  But the economy does not need the help.   Every economic indicator has rebounded vigorously.  Third quarter GDP growth should be roughly the same magnitude as...