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December 2015

Economic predictions for 2016

As the year ends, it is customary to write a column that attempts to forecast the major economic trends of the new year. Looking back, five of my six predictions last December were spot on (only missed the continuing weakness in manufacturing). I hope the forecasts that follow do as well. Jobs, jobs, jobs Jobs and the consumer have been the bright spots in the U.S. economy and it appears …Read More

Barone: Housing doldrums a supply problem

One of the key indicators of U.S. economic health is housing – both the turnover of the existing housing stock and the construction of new units. Existing home sales, new home sales, and housing starts all peaked earlier this year. Given the health of the U.S. consumer, as vividly demonstrated in the employment and auto sales data, it is puzzling why the housing numbers now appear to be so anemic. …Read More