Monthly Archives: May 2022

America’s (Ongoing) Civil War

Posted on May 31, 2022 by Popular Economics Weekly

Answering Kennedy’s Call Why should it be a surprise that Americans are still fighting the Civil War? Though it is no longer Generals Ulysses S Grant vs. Robert E Lee, it is still being fought with guns, as the latest … Continue reading →

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Consumers Disregard Latest Inflation Data

Posted on May 27, 2022 by Popular Economics Weekly

Financial FAQs FREDpersonalconsumption The Federal Reserve’s Personal Consumption Expenditures Index (PCE), its preferred inflation indicator, rose just 0.2 percent in April to mark the smallest increase in a year and a half, aided by a decline in gas prices. The … Continue reading →

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U.S. Economy Resumes Growth in Q2

Posted on May 26, 2022 by Popular Economics Weekly

Popular Economics Weekly The panic selling in financial markets of late is in part because first quarter 2022 GDP growth contracted after last year’s huge 5.6 percent growth surge, triggering worries of an imminent recession. The U.S. economy shrank by … Continue reading →

Posted in Consumers, COVID-19, Economy, Weekly Financial News | 1 Comment

Leading Indicators Show Moderate Growth

Posted on May 19, 2022 by Popular Economics Weekly

Popular Economics Weekly ConferenceBoardLEI The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.3 percent in April to 119.2 (2016 = 100), following a 0.1 percent increase in March. (But) The LEI is now up 0.9 percent over … Continue reading →

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Booming Retail Sales Belie Recession Worries

Posted on May 17, 2022 by Popular Economics Weekly

Financial FAQs FREDretailsales The St Louis Federal Reserve graph of April retail sales tells us more than a thousand words that there is no imminent recession. Maybe not even next year either, because consumers continue to shop, with auto sales … Continue reading →

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What Really Caused This Terrible Inflation?

Posted on May 12, 2022 by Popular Economics Weekly

Popular Economics Weekly FREDcpiindex The St Louis Federal Reserve graph tells us what is going on with April’s plunge in the Consumer Price Index. It’s due to a moderation of soaring gas prices. But food, shelter, and supply shortages haven’t … Continue reading →

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Why Call A Recession Now??

Posted on May 6, 2022 by Popular Economics Weekly

Popular Economics Weekly NBER.org We are at a classic top of the business cycle when the demand for products is sky high and all the factors that restrict supply are causing red hot inflation numbers. The Federal Reserve then must … Continue reading →

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