The Employment Situation

The Employment Situation

This report is another in our current series of Boom phase reports. During the Boom we get good news because we are looking at an economy that is still expanding. But, we also start to see evidence of the limits of the expansion, as well as the particular constraints...

What Made Final Sales Go down?

The steady pace of consumer spending growth explains why the blue bar on the right side of the chart held up. Why did the gray bar drop so sharply? Because inventories rose sharply. The large jump that you see here could have several causes. The first is that some of...

What is a Yield Curve Compression?

A Special Report from Dr. Dieli When I published this chart in the July 2018 editions of the Prospects and Perspectives and the Overview and Outlook reports I said that I thought that what had taken place so far this year was a compression of the yield curve and not a...