Monthly Archives: July 2018

Better Economic Growth Ahead?

Posted on July 27, 2018 by Popular Economics Weekly

Popular Economics Weekly Real gross domestic product increased at an annual rate of 4.1 percent in the second quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased … Continue reading →

Posted in Consumers, Economy, Politics, Weekly Financial News | Tagged , , , | Leave a comment

Housing Sales Are Slowing

Posted on July 25, 2018 by Popular Economics Weekly

The Mortgage Corner Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, reports the National Association of Realtors. The ongoing supply and demand imbalance … Continue reading →

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

The Dire Consequences of Record Income Inequality

Posted on July 24, 2018 by Popular Economics Weekly

ANSWERING the KENNEDYS CALL In a new Economic Policy Institute report entitled The New Gilded Age, income inequality has risen in every state since the 1970s, and in most states it has continued to grow in the post–Great Recession era. … Continue reading →

Posted in Consumers, Economy, Keynesian economics, Politics, Weekly Financial News | Tagged , , , | Leave a comment

US Economic Self-Destruction Imminent?

Posted on July 23, 2018 by Popular Economics Weekly

Financial FAQs The International Monetary Fund has just warned that President Trump’s trade wars could cost the world’s economies some $430B in lost growth. The Washington-based organisation said the current threats made by the US and its trading partners risked … Continue reading →

Posted in Economy, Keynesian economics, Politics, Weekly Financial News | Tagged , , , | Leave a comment

Is 4% GDP Growth Real?

Posted on July 18, 2018 by Popular Economics Weekly

Popular Economics Weekly Graph: Econoday Many economists, including Trump economic advisor Larry Kudlow, are predicting up to 4 percent economic growth over the next few quarters. Why? Full employment is enticing consumers to buy more, with booming retail sales and … Continue reading →

Posted in Consumers, Economy, Keynesian economics, Uncategorized, Weekly Financial News | Tagged , , , , , | Leave a comment

Inflation On the Rise

Posted on July 15, 2018 by Popular Economics Weekly

The Mortgage Corner Inflation is finally rising enough to bite into consumers’ paychecks. It is also a sign that economic growth is increasing at least temporarily, as consumers borrow more to buy more. But the bottom 50 percent of income … Continue reading →

Posted in Consumers, Economy, Weekly Financial News | Tagged , , , , | Leave a comment

ANSWERING the KENNEDYS CALL

Posted on July 12, 2018 by Popular Economics Weekly

We are announcing a new blog series—ANSWERING THE KENNEDYS CALL. It will report on what is being done today to address the problems that deal with record income inequality, immigration and civil rights, environment protection, and the rebuilding of local … Continue reading →

Posted in Economy, Politics, Uncategorized | Tagged , , , , | Leave a comment

Consumers ‘Another Day Older and Deeper in Debt…”

Posted on July 11, 2018 by Popular Economics Weekly

Popular Economics Weekly “Ya load sixteen tons, whaddya get, another day older and deeper in debt…”, the famous folksong sung by Burl Ives and Tennessee Ernie Ford describes today’s consumers who are still spending huge amounts of borrowed money at … Continue reading →

Posted in Consumers, Economy, Weekly Financial News | Tagged , , , , | Leave a comment

Trumpcare is Killing US!

Posted on July 9, 2018 by Popular Economics Weekly

Financial FAQs It took 4 hours to coax Patricia Okoumou, a Congolese immigrant, down from the Statue of Liberty while wearing a t-shirt that said, “Trumpcare Makes Us Sick.” It was serendipitous timing. She was part of a group wanting … Continue reading →

Posted in Economy, Politics, Uncategorized, Weekly Financial News | Tagged , , | Leave a comment

June Employment Robust—For How Long?

Posted on July 6, 2018 by Popular Economics Weekly

The Mortgage Corner More workers are being hired in manufacturing and professional services in June’s unemployment report. But this is before the trade war now taking hold with at least 5 allies and trading partners. Washington’s 25 percent duties on … Continue reading →

Posted in Economy, Macro Economics, Politics, Weekly Financial News | Tagged , , , | Leave a comment