In light of the hot housing market, there is mounting concern about another housing bubble. Are things getting out of hand in the housing market? Is another crash coming soon? The first chart below illustrates that the twelve-month increase in the price of existing homes was 13 percent in March (the measure shown is not … Continue reading The Economy: Housing Bubble Redux?
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Featured – June Audiobook Month
June is Audiobook Month! I am thrilled to announce that during the month of June, Capitalism Versus Socialism: What Does the Bible Have to Say? will be featured by Nook and included in their discount sale. To purchase the audiobook through Nook, please click on the button below. Nook audiobooks
Podcast – Live With Glatt Consulting Group, Inc.
https://www.youtube.com/watch?v=ARYv4j_4yy0 In this podcast Tom Glatt, Jr. and Matt Griffiths (of Glatt Consulting Group) dive into economics, in particular what to expect in terms of inflation and interest rates. Dr. Thomas Simpson joins as a special guest. Dr. Simpson spent most of his career at the Board of Governors of the Federal Reserve System in … Continue reading Podcast – Live With Glatt Consulting Group, Inc.
The Economy: A Soft Landing?
Not long ago, there was talk of a soft landing for the economy from the COVID shock—inflation picking up to the Fed’s 2 percent average target while vigorous growth in output and an improving labor market would result in full employment. However, then came the big surprises of sputtering employment gains and surging consumer prices … Continue reading The Economy: A Soft Landing?
The Economy: Holding Back the Burst
The news on growth in output in the first quarter, at a 6.4 percent rate, was certainly positive. As shown in the chart below, real GDP nearly recovered all of the lost output due to the COVID shock; real GDP in the first quarter was less than one percentage point below the peak in the … Continue reading The Economy: Holding Back the Burst
Inflation is Coming, but How Much?
There is growing concern that inflation—the rate of increase in the prices of consumer goods and services—is on the way. Home prices are surging, consumer spending has snapped back, federal spending is on a tear, and the Fed has given no hint about slowing its provision of liquidity. Moreover, CPI (Consumer Price Index) inflation has … Continue reading Inflation is Coming, but How Much?
The Economy: What Can Slow This Train?
The recent news on the economy, especially on the labor market, is confirming that a head of steam is building. Fortunately, the upbeat news has extended to the sectors hit hardest by the pandemic (owing importantly to fear and governmental restrictions)—notably, hotels, restaurants and bars, entertainment, and airlines. As noted in previous commentaries, the economic … Continue reading The Economy: What Can Slow This Train?
The Economy: There’s Plenty of Fuel in the Tank
Although the statistical evidence has yet to provide widespread confirmation that the economy is accelerating, there is a growing list of indicators that point to an imminent boost to economic activity. To a degree, the upturn has been restrained by disruptions from supply chain difficulties and unusually severe winter weather in key portions of the … Continue reading The Economy: There’s Plenty of Fuel in the Tank
Ideology Versus Faith
Ideology: A manner or the content of thinking characteristic of an individual, group, or culture The integrated assertions, theories and aims that constitute a sociopolitical programA systematic body of concepts especially about human life or cultureVisionary theorizing Faith: Allegiance to duty or a person Fidelity to one's promisesSincerity of intentions acted in good faithBelief and trust in and … Continue reading Ideology Versus Faith
The Economy: The Pause is Ending
Much has been said about the slowdown in the economy in the final months of 2020 and the beginning of 2021. Employment gains averaged only 30 thousand per month over the months of November to January, compared to nearly 1 million per month over the previous three months. In contrast, growth in industrial production—mostly tangible … Continue reading The Economy: The Pause is Ending
