Economic Insights

News and Insight from SRM


This Week’s Economic Update, June 14, 2021

The movie theater has been a staple for my wife and I throughout our dating and marriage, we will celebrate our 35th wedding anniversary next week.  The pandemic took us away from our “dates” to get out of the house and see a movie on the big screen.  While streaming services provide the content, there

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This Week’s Economic Update, June 7, 2021

My first memory of eating fast food was in the back seat of our 1960 Ford Falcon.  McDonalds had just opened a site in Bloomington MN and we were all excited to try something new.  Eating out, even fast food, was special for us.  It was not long before Burger King, Henry’s and other “burger

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This Week’s Economic Update, May 24, 2021

The term trifecta is typically associated with horse racing.  I am going to use it to recognize a baseball team that has completely proved virtually every early season baseball prognosticator wrong on multiple fronts.  As a kid I figured out that if a baseball team falls back to a position of being 10 games out

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This Week’s Economic Update, May 17, 2021

This past week was filled with inflation numbers that have come out.  As expected, inflation has heated up.  Between the supply shortages and liquidity balances that consumers have, no one can be surprised that prices are on the rise.  I have written quite a bit about this over the past two months, setting some expectations. 

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This Week’s Economic Update, May 10, 2021

Last week I predicted the ISM Manufacturing Report would be in the mid 60’s after seeing a number of Fed Manufacturing reports as well as gleaning information from other sources.  In March the ISM report was 64.7.  The April report was actually 60.7 surprising me as well as many others.  Throughout the report the numbers

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This Week’s Economic Update, May 3, 2021

Mother’s Day is this coming Sunday.  If your mom is still with us please take time to do something special for her whether that is spending time with her or just giving her a call.  My mom was the compassionate one of the family.  She was always there to clean up the wounds, wipe the

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This Week’s Economic Update, April 26, 2021

There is growing concern about the aftermath of the current inflation in housing.  The market is currently sizzling like a griddle waiting for the pancake batter.  In virtually every market, values are rising, being pushed beyond listing prices with multiple offers being presented, in some cases before an official listing is even public.  The push

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