by sslifer | Oct 29, 2021 | Commentary for the Week, NumberNomics Notes
October 29, 2021 Third quarter GDP growth came in at a disappointing 2.0% rate as COVID ripped through the unvaccinated world, and supply chain interruptions curtailed production. The pessimists quickly emerged. One economist wondered how close the economy might be...
by sslifer | Oct 1, 2021 | Commentary for the Week, NumberNomics Notes
October 1, 2021 The economy’s production sector continues to be constrained by shortages of labor, an inability to get necessary raw materials, longer lead times, and shipping delays. This has reduced our projected GDP growth forecast in the near-term, but boosted...
by sslifer | Aug 6, 2021 | Commentary for the Week, NumberNomics Notes
August 6, 2021 The economy is charging ahead in the first month of the third quarter. Employment increased by 950 thousand workers in both June and July. The unemployment rate fell 0.5% in a single month to 5.4%. After Labor Day, once the Federal unemployment...
by sslifer | Jul 9, 2021 | Commentary for the Week, NumberNomics Notes
July 9, 2021 The Fed believes that the recent acceleration in inflation reflects temporary factors such as hiring bonuses, disruptions in the supply chain, and a rebound from prices that were depressed during the recession. That story is beginning to wear thin. Its...
by sslifer | Apr 23, 2021 | Commentary for the Week, NumberNomics Notes
April 23, 2021 The Fed claims that we are seeing a temporary runup in inflation which will eventually dissipate and settle in at a pace slightly above its 2.0% target. Perhaps. But our fear is that we could see a sustained increase in inflation in excess of what the...
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