All Posts Tagged: Scott Anderson

Evidence of a July U.S. Slowdown Emerging

Scott Anderson
Chief Economist

Last week we wrote about dark clouds building on the economic horizon as COVID-19 cases have surged in recent weeks. This week more evidence emerged that the spike in virus cases is indeed sucking the oxygen out of the robust economic recovery we have seen over the past two and a half months.

Read More ›

Dark Clouds Forming on the Horizon

Scott Anderson
Chief Economist

Like a mid-summer thunderstorm approaching from the West, dark clouds are beginning to build on our economic and financial horizon yet again.

It’s still too early to know whether we will be hit by an imminent downpour or not. A last minute economic rescue package in the $1 to $2 trillion dollar range from Congress before the end of July could help keep the storm clouds at bay until the end of the year, but the increasing virus case count is already doing some material damage to the pace of the economic recovery in my opinion.

Read More ›

Home Price Growth Accelerates – But for How Long?

Scott Anderson
Chief Economist

Despite unprecedented job losses in a wide swath of industries across the country since the COVID-19 pandemic arrived in the U.S., home price growth has unexpectedly accelerated.

Read More ›

Personal Spending Rebound Falls Short of Forecasts

Scott Anderson
Chief Economist

What is the old phrase, you can lead a horse to water but you can’t make him drink? Using that analogy, the Federal Government and Federal Reserve have been pumping an unprecedented amount of water into our economy, trying to entice consumers back into stores and restaurants, and resume their old patterns of spending once businesses are able to reopen. That reopening started in nearly all 50 states in May and we got an important update on how it’s all going this morning with the release of the May Personal Income and Spending report from the Bureau of Economic Analysis.

Read More ›