Monthly Archives: August 2023

Why the Inflation Confusion?

Posted on August 31, 2023 by Popular Economics Weekly

Financial FAQs BEA.gov Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “second” estimate just released by the Bureau of Economic Analysis (BEA). In the first quarter, real … Continue reading →

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No More Rate Hikes?

Posted on August 29, 2023 by Popular Economics Weekly

Financial FAQs Calculated Risk The latest Job Openings and Labor Turnover Survey (JOLTS) report by the BLS shows there are still a lot of job openings, but that should continue to decline from the post-pandemic high of 12 million job … Continue reading →

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Why Such High Interest Rates?

Posted on August 23, 2023 by Popular Economics Weekly

The Mortgage Corner I said last month the National Association of Realtor’s chief economist Lawrence Yun’s exclamation “the housing recession is over,” was because the NAR’s Pending Home Sales (i.e., homes under contract but not closed) rose for the first … Continue reading →

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Higher Economic Growth Ahead–Part II

Posted on August 17, 2023 by Popular Economics Weekly

Financial FAQs AtlantaGDPNow US economic growth could be accelerating—with manufacturing as well. It was consumers that provided most of the 2.4 percent increase in Gross Domestic Product (GDP) in the ‘advance’ (first of three) estimates of second quarter economic growth, … Continue reading →

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Here’s to a Return of Normal!

Posted on August 15, 2023 by Popular Economics Weekly

Popular Economics Weekly FREDretailsales Is it possible after years of pandemic and post-pandemic vicissitudes, the US economy is returning to a normal growth pattern, and Americans can breathe easier about the future? By that I mean consumers are shopping as … Continue reading →

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What Caused the Pandemic Inflation?

Posted on August 11, 2023 by Popular Economics Weekly

Financial FAQs FREDprofits/gdi The St. Louis Fed (FRED) graph of corporate profits as a percentage of Gross Domestic Income (GDI), a good proxy for gross domestic output (GDP), explains much of what boosted inflation during the COVID pandemic. The product … Continue reading →

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A Guest Opportunity For Podcasters

Posted on August 10, 2023 by Popular Economics Weekly

Answering Kennedy’s Call About Harlan Green § Harlan Russell Green is 2023 Winner of the Peace Corps Writers’ Publisher’s Award Jul 31, 2023 § Harlan Russell Green (Turkey 1964–66) 2023 Publisher’s Award Building Community: Answering Kennedy’s Call, Harlan Green’s memoir … Continue reading →

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Higher Economic Growth Ahead?

Posted on August 9, 2023 by Popular Economics Weekly

Financial FAQs AtlantaGDPNow The US economy continues to expand in all sectors—with consumers as well as in manufacturing. But it was consumers that provided most of the 2.4 percent increase in Gross Domestic Product (GDP) in the ‘advance’ (first of … Continue reading →

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Jobs Still Plentiful!

Posted on August 7, 2023 by Popular Economics Weekly

Popular Economics Weekly MarketWatch.com The Fed Governors should be happy with Friday’s unemployment report—nothing has really changed over the past several months, including record low unemployment, inflation continuing to decline, and average hourly wages holding at 4.4 percent. “Both the … Continue reading →

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Q3 Economic Growth to Double?

Posted on August 3, 2023 by Popular Economics Weekly

Popular Economics Weekly AtlantaFedGDPNow We could have even higher third quarter economic growth, believe it or not, from the second quarter 2.4 percent (advance) growth estimate by the US Bureau of Economic Analysis. The Atlanta Federal Reserve’s GDPNow model estimates … Continue reading →

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