Econ70
Unemployment in the Eurozone is at a sky-high 11.5% (its peak here was 10%), annual inflation is running at a microscopic 0.3% matching a five year low and is expected to fall further. Worse, manufacturing activity is stalling and is…
Watch this money report clip from 9News where Dr. Eisenberg talks about the strong housing market in Colorado. 9News Report on strong Colorado housing economy
An article written by Molly Armbrister of the Denver Business Journal quotes Dr. Eisenberg in an article on Colorado, Denver needing more diverse housing. Read the full article by clicking here.
In a shrewd move the Fed will impose added capital requirements on the nation’s biggest banks. The additional capital will penalize banks that rely heavily on short-term funding. This will force these banks to hold more capital and reduce their…
In 2013, US CO2 emissions increased by 2.5%. Emissions are a function of four variables: population, GDP/person, energy intensity and CO2 intensity. Population growth boosted emissions by 0.7%, rising GDP/person boosted emissions by 1.5%, energy intensity surprisingly rose by 0.5%…
Last Friday’s November labor report reinforces the notion that the economy really is improving. Payroll growth has averaged 241,000/month year-to-date, a 24% improvement over last year. Yet private sector wage gains are up a measly 2.1% year-over-year, despite the strong…
The Friday File: The nearly completed One World Trade Center has the honor of being the priciest skyscraper ever built at $3.9 billion. The two buildings tied for second were each built for a paltry $1.9 billion. As for height,…
While many fret that wage growth is miniscule despite the sizable decline in the unemployment rate, the concern is misplaced. Since 1990, the inflation rate has rarely risen unless the unemployment rate has fallen below 5.5%. With the unemployment rate…
While total non-farm payroll employment is now at 139.7 million, substantially above the pre-recession peak of 138.4 million, full-time non-farm payroll employment is at just 119.6 million, 2.0 million below its pre-recession high. As a result, the number of persons…
Despite all the ads, hype and hoopla, November is only the 7th best shopping month of the year. December is far and away the best, with total spending 15% above the 10-year average monthly level. May is next at 4%…