Monthly Archives: October 2020

Q3 Real GDP Jumps +33 Percent

Posted on October 29, 2020 by Popular Economics Weekly

Popular Economics Weekly Calculated Risk We are not really out of the COVID recession, per Calculated Risk graph, even though the US Bureau of Economic Analysis (BEA) “advance” estimate of third quarter GDP growth increased +33.1 percent. But it’s still … Continue reading →

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

End of the Age of Narcissism–Part II?

Posted on October 28, 2020 by Popular Economics Weekly

Answering the Kennedys’ Call USAToday South Dakota’s Sturgis Motorcycle Rally this August was notable for the estimated 450,000 attending during the COVID-19 pandemic. It happened in spite of the almost unanimous warnings given by public health officials that it could … Continue reading →

Posted in Macro Economics, Politics, Uncategorized | Tagged , , , | Leave a comment

The Housing Boom Continues

Posted on October 22, 2020 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Total existing-home sales, https://www.nar.realtor/existing-home-sales, including single-family homes, townhomes, condominiums and co-ops, rose 9.4 percent from August to a seasonally-adjusted annual rate of 6.54 million in September. The housing boom continues in the middle of the coronavirus … Continue reading →

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

The Winter Pandemic is Coming

Posted on October 20, 2020 by Popular Economics Weekly

Financial FAQs COVIDTrackingProject There is little doubt that this fall and winter will show a surge in pandemic illnesses and deaths. States in the Midwest and South will hurt the most, but also some northern states like Montana, North and … Continue reading →

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

Back to a ‘V’-Shaped Recovery?

Posted on October 15, 2020 by Popular Economics Weekly

Popular Economics Weekly FREDcontinuedclaims Richard Clarida, No.2 official at the Federal Reserve said on Wednesday that the U.S. recession begun in March with the coronavirus pandemic may already be over. “This recession was by far the deepest one in postwar … Continue reading →

Posted in Uncategorized | Tagged , , | Leave a comment

Booming Home Sales Create Housing Shortage

Posted on October 14, 2020 by Popular Economics Weekly

The Mortgage Corner Booming Realtors’ existing-home sales are showing there is a very severe housing shortage with record sales and a record low housing inventory. Santa Barbara Realtor Jim Witmer said the demand for Santa Barbara homes is huge and … Continue reading →

Posted in Uncategorized | Leave a comment

Is the Age of Narcissism About to End?

Posted on October 10, 2020 by Popular Economics Weekly

Answering the Kennedys’ Call Are we nearing the end of what historians and psychologists have called the Age of Narcissism, an era that has spawned populist governments and closed borders, the breakup of traditional families and communities, and the election … Continue reading →

Posted in Economy, Politics, Uncategorized | Tagged , , , | 1 Comment

Do We Want Another Great Recession?

Posted on October 7, 2020 by Popular Economics Weekly

Financial FAQs MarketWatch Federal Reserve Chair Jerome Powell has warned of “tragic’ economic risks if another coronavirus aid package isn’t passed by congress. This is while President Trump has just said that talks over additional aid will be suspended until … Continue reading →

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

Unemployment Declines, Modest Hiring

Posted on October 2, 2020 by Popular Economics Weekly

Popular Economics Weekly MarketWatch The economy regained 661,000 jobs in September and the unemployment rate fell for the fifth month in a row to 7.9 percent, the government said Friday. It’s the smallest advance since a recovery began in May, with August … Continue reading →

Posted in Uncategorized | Tagged , , | Leave a comment

No Surprises in Q2 GDP. ADP Employment

Posted on October 1, 2020 by Popular Economics Weekly

Financial FAQs FREDGDP The last estimate of Q2 GDP was barely changed, contracting at -31.4 percent vs. -31.7 percent in the second estimate, but that isn’t dampening the stock market, as it looks like the upcoming first estimate of third … Continue reading →

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