Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Loading...
Most Recent Stories

Today’s 4-1-1

4 Things Worth Reading:

 

 

 

1 Data Summary:

    • According to the CBO, the Federal budget deficit is expected to decline again this year as tax receipts are expected to grow 9% versus spending growth of just 2.6%.  The deficit’s reduction is largely the result of private sector healing from the credit collapse.  

 

    • CoreLogic reported 11% year over year growth in US housing prices.  This is down from the recent months, but remains a very high historical level of growth.  The slowing rate of change is consistent with much of the soft housing data we’ve seen recently.

 

  • Factory orders fell by 1.5% in December after poor aircraft orders and computer orders dragged the index down.  There were some signs of strength in the broader index, but the poor results in durable goods seem to confirm some of the data we’ve seen lately.  Manufacturing is easing.

1 Pretty Picture:

  • The federal budget deficit helped play an important role during the last 5 years as the government’s spending and issuance of net financial assets helped to offset the de-leveraging that was occurring in the household sector.  As you can see in the chart below, the government’s spending contributed to the non-government’s saving.  And as the private sector has healed the deficit has been reduced as tax receipts have increased.   This is a sign that our economy is returning to some sense of normalcy.

sfb

 

 

Comments are closed.