Monthly Archives: August 2025

This Inflation Isn’t Temporary–Part II

Popular Economics Weekly From the same month one year ago, the PCE price index for July increased 2.6 percent. Excluding food and energy, the PCE price index increased 2.9 percent from one year ago. BLS.gov BLS.gov The PCE price index is one … Continue reading

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“Mr. President, do not come to Chicago.”

Answering Kennedy’s Call “So in case there was any doubt as to the motivation behind Trump’s military occupations, take note: 13 of the top 20 cities in homicide rate have Republican governors. None of these cities is Chicago. Eight of … Continue reading

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It’s Taxation Without Representation

Financial FAQs “Oh, and as for all these tariffs: Whatever you think of them (and I am not a blanket opponent), they are taxes. They are sales taxes. Where in my copy of the United States Constitution does it say … Continue reading

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Who Won the Civil War?

Answering Kennedy’s Call “Just more than one week after President Donald Trump unveiled plans to deploy troops from the D.C. National Guard and to federalize the Metropolitan Police Department to tackle crime in Washington, six states have pledged to send in their … Continue reading

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Can We Fix the Housing Shortage?

The Mortgage Corner “Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,428,000. This is 5.2 percent above the revised June estimate of 1,358,000 and is 12.9 percent above the July 2024 rate of 1,265,000. Single-family … Continue reading

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This Inflation isn’t Temporary

Popular Economics Weekly The Producer Price Index for final demand rose 0.9 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in June and moved up 0.4 percent in May. BLS.gov … Continue reading

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Who Benefits From America’s IOUs?

Financial FAQs WASHINGTON (AP) — The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers. AP FREDdebtGDP Trump and his Republicans’ trade war and … Continue reading

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Trade Wars = Stagflation

Popular Economics Weekly  “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in July, after rising 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 … Continue reading

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Irrational Exuberance is Back

Financial FAQs “How errors of human judgment can infect even the smartest people, thanks to overconfidence, lack of attention to details, and excessive trust in the judgments of others, stemming from a failure to understand that others are not making … Continue reading

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What is Q3 Growth To Be?

Popular Economics Weekly “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 2.5 percent on August 5, up from 2.1 percent on August 1. GDPNow AtlantaFedGDPNow Predictions for third quarter GDP economic … Continue reading

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