The global economy was in very rough shape in 1980. Caught in the spiral of the Great Inflation, there was practically nowhere to hide from ripping upheaval – beyond just the economic problems. Despite trying seemingly everything for an entire decade, nothing Economists came up with would rebalance the system. They kept saying they only needed time for their schemes [...]
New Home Sales fell sharply in December 2016, from a seasonally-adjusted annual rate of 598k in November to 536k. That wasn’t unexpected given the behavior of interest rates since August in particular. It might suggest further declines in new sales as well as construction of new homes in the months ahead. In the bigger picture, interest rates just should not [...]
At first glance, yesterday’s release of new home sales estimates defied any sense of sense. As such, it seemed better to simply let it alone until revisions attempt to address the extreme outlier results for February. However, after further review, there may be another factor to consider as to whether there is anything worthwhile rather than being wholly inappropriate. At [...]
Perhaps the BEA should have moved the GDP release up a few days to allow mainstream commentary its unbridled and unstained euphoria. Almost as soon as the GDP revisions were released, the upward appearance of economic growth was seriously undermined by income results and the nature of spending “gains.” That was soon followed by a rather dire look into business [...]
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