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Housing Starts and Recessions

Calculated Risk

Early in February , I expressed my "increasing concern" about the negative economic impact of "executive / fiscal policy errors", however, I concluded that post by noting that I was not currently on recession watch. Housing is the basis of one of my favorite models for business cycle forecasting.

Sales 309
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Recession Watch Metrics

Calculated Risk

Early in February , I expressed my "increasing concern" about the negative economic impact of "executive / fiscal policy errors", however, I concluded that post by noting that I was not currently on recession watch. As I noted earlier, I'm not sure how to estimate the economic damage caused by these tariffs.

Sales 241
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Tuesday links: social media shenanigans

Abnormal Returns

cnbc.com) Gold had its best year since 2010. calculatedriskblog.com) Claudia Sahm, "We look to Fed officials as skilled in economic forecasting and monetary policy, but theres no reason to think they are individually good at forecasting fiscal policy." Markets The U.S. wsj.com) After a good start, energy sector performance has faded.

Media 173
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Question #1 for 2023: How much will the economy grow in 2023? Will there be a recession in 2023?

Calculated Risk

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. 1) Economic growth: Economic growth was probably close to 1% in 2022 as the economy slowed following the economic rebound in 2021. Prior to the pandemic, economic activity was mostly in the 2% range since 2010.

Economy 278
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Question #2 for 2024: How much will job growth slow in 2024? Or will the economy lose jobs?

Calculated Risk

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2024. Here are the Ten Economic Questions for 2024 and a few predictions: • Question #2 for 2024: How much will job growth slow in 2024? I'm adding some thoughts, and maybe some predictions for each question. million jobs in 2023. million to 1.5

Economy 298
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Predicting the Next Recession

Calculated Risk

Also, there are two measures of economic growth - Gross Domestic Product (GDP), and Gross Domestic Income (GDI). The Bureau of Economic Analysis (BEA) produces two measures of national output which, in theory, should be equivalent. For a discussion of recessions, see NBER's What is a recession? Click on graph for larger image.

Sales 363
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Question #1 for 2024: How much will the economy grow in 2024? Will there be a recession in 2024?

Calculated Risk

Earlier I posted some questions on my blog for this year: Ten Economic Questions for 2024. 1) Economic growth: Economic growth was probably close to 2.6% The "Art of the Soft Landing" requires that the Fed reduce rates quick enough to keep economic growth positive, and slow enough not to reignite inflation. this gives 2.4%

Economy 200