Morris Beschloss: The Beschloss Perspective

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National debt on back burner?

In comprehending a nation’s total value, it must be understood that it encompasses the totality of tangible household values comprising America’s population of 320 million.

In the wake of four postrecession years, it is obvious that the long love affair with homeowning as the key asset of America’s middle class is over.

CBO predicts narrower budget gaps

After 25 years of this high interest rate reversal, goods prices dropped precipitously.

It’s becoming increasingly apparent the residential sector is in a strong comeback mode.

Two simultaneous revelations right after the first of the year have magnified our predictions of industrial manufacturing and construction expansion, as the first quarter of 2014 gets off and running.

In analyzing the 2014 industrial construction take-off quarter, we consulted industrial components expert Steve Letko regarding the geographical regions’ growth and the intensity of the product components comprising anticipated overall end-use growth.

Although single-family housing starts have continued their comeback climb from under 100,000 annually in early 2009, they have significantly rebounded over that figure well into 2013. Much of the recovery on home sales has been concentrated on the reduction of over-extended existing home inventories.

As mentioned in previous columns, commercial building loans and their supporting activity are edging toward pre-recession levels. As of mid-year 2013, U.S. banks had issued just short of one trillion dollars in commercial real-estate loans, up almost 4% from a year earlier, according to official sources.