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Monthly Archives: July 2019
What Happened to Main Street—Part II?
Popular Economics Weekly FRED Corporate responsibility is back in the air with a vengeance; not only from Senators Elizabeth Warren and Bernie Sanders who constantly remind us on the campaign trail that corporate misbehavior has tilted the “playing field” of … Continue reading
Economic Growth Is Slowing
Financial FAQs BEA.gov Gross domestic product, the official report card on the economy, grew at a 2.1 percent annual pace from the start of April to the end of June, the government said Friday. GDP slowed from a 3.1 percent … Continue reading
Why Are Home Sales Declining?
The Mortgage Corner Weekly FRED WASHINGTON (July 23, 2019) – Existing-home sales weakened in June, as total sales saw a small decline after a previous month of gains, said the National Association of Realtors®. While two of the four major … Continue reading
What Happened to Main Street?
Popular Economics Weekly FRED The main reason we have suffered from historically slow growth and stagnated wages since the Great Recession is in large part due to so-called trickle-down economics, the fallacy that concentrating most of the largess of economic … Continue reading
It’s Up To the Consumers!
Popular Economics Weekly Consumers are feeling good enough to keep the US economy from sinking into recession at the moment. The consumer sentiment survey edged up to 98.4 this month from 98.2 in June, according to a preliminary reading from … Continue reading
Great Retail Sales!
Financial FAQs Econoday.com Retail sales rose in June for the fourth month in a row, quieting concerns that the trade wars and weaker manufacturing output would also drag down consumer spending. The most surprising strength in the report was a … Continue reading
Posted in Consumers, Economy, Housing, Weekly Financial News
Tagged industrial production, manufacturing activity, retail sales
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Why Are Worry About Low Inflation?
Popular Economics Weekly Reuters.com Almost everyone, including Fed Chair Powell, is worried about the low inflation rate. It’s usually nearing 4 percent at this late stage of an economic recovery, not the current 2 percent if the US economy were … Continue reading
Posted in Consumers, Economy, Weekly Financial News
Tagged consumer price index, economic growth, foreign trade, PPI, tariff agreements
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Why the Huge Jobs Report?
Financial FAQS MarketWatch The unemployment rate edged up to 3.7 percent from 3.6 percent as more than 300,000 people entered the labor force in search of work, the Labor Department said Friday. That has confounded those that see slowing economic … Continue reading
Housing Market in Gradual Decline?
The Mortgage Corner Econoday Happy 4th of July, everyone, even though it looks like we are nearing the end of this housing cycle; and maybe this business cycle as well. But we can still celebrate what is now the longest … Continue reading
Manufacturing slows as Trade Wars Quicken
Popular Economics Weekly Trade wars are not really winnable anymore—at least the way President Trump wants to conduct them—or any wars for that matter. This is because we no longer live in a win-lose world where the strong are able … Continue reading
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