Economic Insights

News and Insight from SRM

 

This Week’s Economic Update, February 19, 2024

Being Presidents Day, I wanted to do a shout out Happy Birthday, belated, to Abraham Lincoln who was born on February 12, 1809.  Honest Abe would be 215 years old now.  On February 22, George Washington, the Father of our Country, would be celebrating his 292nd birthday.  There was a time when our nation celebrated

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This Week’s Economic Update, February 12, 2024

Congratulations to the RMA MN Commercial Lending Academy Class of 2024.  Last week they graduated after an intense week of training on commercial banking.  They did a wonderful job of practically applying the information shared on all the case studies.  I wish you the best in your future endeavors in banking, you are well prepared.

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This Week’s Economic Update, February 5, 2024

Ahh the first signs of Spring.  On Ground Hog Day a group got together and dug a ground hog out to see if there would be 6 more weeks of winter.  Please do not try this at home, if you do, we will forever call you stumpy.  Ground hogs really do not like to get

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This Week’s Economic Update, January 29, 2024

There is a lot to discuss this week, so I will be jumping right in. Last week the New York and Philadelphia Fed reports related to manufacturing were well below any expectations.  This week the Richmond and Kansas Fed provided under performing numbers for manufacturing firms in their regions.  The Richmond index fell from -11

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This Week’s Economic Update, January 22, 2024

Welcome to Janu-brrrrry. The grip of snow and cold across the nation is not letting up.  We seem to be paying for the break that we received through most of December.  The positive side here is that every day that passes, it is one more day closer to April.  The pessimists among us may correctly

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This Week’s Economic Update, January 15, 2024

Winter finally came to Minnesota this week.  We missed Christmas last month as the weather was more like September/October, raining and warm.  We had repeated ice floes that broke loose on the lakes due to the warm weather.  This stranded a number of people who were ice fishing on the lakes.  Hopefully we will have

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This Week’s Economic Update, January 8, 2024

Welcome to 2024.  Hopefully the past two weeks have provided a bit of a break to get the batteries recharged for the new year.  In my career I typically would use the week between Christmas and New Year’s to both assess the past year as well as set goals for the coming year.  I was

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