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“Housing permits rose in November, offering some evidence that demand for housing may remain elevated. Rising home prices and potentially higher mortgage rates may be headwinds for demand while elevated commodity costs remain a challenge for homebuilder profits.” ~ Robert HughesREAD MORE
“Weekly initial claims for unemployment benefits rose slightly from a multidecade low though the four-week average continued to trend lower. Combined with a near-record number of open jobs, the data show the labor market remains extremely tight. Labor shortages are likely to continue to hamper production across the economy, sustaining upward pressure on prices.” ~ Robert HughesREAD MORE
“The usefulness of supply and demand is most obvious in the case of microeconomics, which focuses on households and firms. But it’s just as handy for macroeconomics in studying economy-wide phenomena like growth and business cycles.” ~ Alexander William SalterREAD MORE
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