The October 2015 S&P Case Shiller home price index shows a seasonally adjusted 5.6% price increase from a year ago for the 20 metropolitan housing markets and a 5.1% yearly price increase in the top 10 housing markets. Home prices are still climbing over double the rate of inflation.
Other than the employment report and the GDP report itself, the monthly report on Personal Income and Outlays from theBureau of Economic Analysis is probably the most important economic release we see monthly.
It's that time of year to ring in the joy and revel in festivities. Yet another year has passed and economic injustice, inequality and the great financial crisis taxpayer ripoff is further in the historical dust heap and buried under the corporate propaganda political rug. It's also time to view funny economic cartoons.
Q3 GDP has been revised to 2.0%. This is a smidgen, a 0.1 percentage point lowering than the last estimate. Most factors which make up GDP did not change much from the primarily estimate. Changes in private inventories was where the revision occurred as they were revised from -0.59 to -0.71 percentage points of GDP. Consumer spending and domestic demand are still muddling along with moderate growth.
One of the raps against Donald Trump frequently trotted out by some of his conservative critics, often supporters of one of the more traditional conservative candidates, is that he is not really a conservative. Some even call him a liberal. Yet despite this charge, Trump continues to gain the support of prominent conservatives whose conservative credentials it is difficult to impugn.
No matter what party controls Congress, or who is President, corporate taxes will never increase as a share of GDP or as a share of corporate profits. If anything, the rate will only go lower, more deductions will be added, and the same tax breaks they already have will be extended (making some permanent) — just like they did in the last spending bill.
The consumer price index was flat in November as lower prices for food, energy and core goods offset higher prices for services. The Consumer Price Index Summary from the Bureau of Labor Statistics indicated that seasonally adjusted prices were unchanged in November after rising 0.2% in October and falling 0.2% in September.
The Federal Reserve raised the interbank borrowing rate today by one quarter of one percent or 25 basis points. Readers are asking, “what does that mean?”
A strange thing happened on the way to the Donald Trump vs. Ted Cruz showdown that the CNN panelist wanted to provoke at last night’s debate. It didn’t happen. Instead, Trump praised Cruz and refused to engage. Trump is combative, but he is also very clever.
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