Author Archive

Third Quarter GDP: Production Boom, but Uneven Growth

There has been a boom in total production in the U.S. as the third quarter GDP grew at a 3.9 percent annualized rate.  This growth is on top of the 4.6 percent expansion in the second quarter.  Such a...

The Ease of Selling a Million Dollar Home

It has become easier to sell high-end expensive homes.  The strongest growth in home sales in the latest data occurred at the very top of the price category. In October, home sales increased 16.2 percent from one year ago...

The Latest on Consumer Inflation

Lower gasoline prices are contributing to low overall consumer price inflation.  Low inflation in turn means interest rates can continue to remain at rock bottom rates.  However, one weighty component in consumer prices shows an accelerating trend:  namely, rents...

Home Builder Confidence

Home builders are expressing optimism for better days ahead.  They are partly right.  But their recent roaring confidence could be a bit misleading. The home builder confidence index reached its second highest monthly reading in nine years.  The latest...

The Global Economic Slowdown and the Impact on the U.S. Economy

The U.S. trade deficit will widen in the upcoming months and thereby trigger a slowdown in the U.S. economy.  Why? Japan has officially fallen into a recession with two straight quarters of economic contraction.  Eurozone economies are barely hovering...