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Author Archives: Popular Economics Weekly
Will There Be Tax Reform?
Popular Economics Weekly After Republicans’ failure to repeal Obamacare, they will now attempt to pass a budget, and tax reform plan. But the $1 trillion in spending cuts (mainly from Medicare) they hoped with the repeal of Obamacare, which would … Continue reading
Retail Sales Back, But Not Consumers
The Mortgage Corner It turns out consumers decided to shop again in July, as retail sales surged in all categories. This includes online sales these days, as retailers adapt to the new reality that one large store size doesn’t fit … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged consumer spending, household incomes, inflation, retail sales
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Why the Greater Lawlessness?
Popular Economics Weekly We knew as far back as Nixon’s Watergate that the Republican party harbors a lawless tendency when it suits them. Why else would President Reagan engineer the illicit Iran contra arms deal with the Ayatollah Khomeini, or, … Continue reading
More Job Openings, Fewer Hirings Mean What?
Popular Economics Weekly The job market continues to fluctuate, as job openings rose sharply in June to 6.163 million from 5.702 million in May. Hires, however, fell sharply, to 5.356 million from 5.459 million. This data set can be volatile … Continue reading
Posted in Consumers, Economy, Weekly Financial News
Tagged inflation rate, interest rates, JOLTS report, unemployment rate
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Another Great Jobs Report?
Financial FAQs No economist predicted another 209,000 private payroll jobs would be created in July, or that the last 2 months’ total would be 431,000, or the y-t-d total would be 1,290,000 payroll jobs created this year. But they should … Continue reading
Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News
Tagged GDP growth, inflation, JOLTS report, unemployment report
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Great Q2 GDP Growth, But Q3?
Popular Economics Weekly Second quarter GDP came in at a 2.6 percent annualized growth rate. This is one of the best showings of the last 2 years and keeps overall growth at 2 percent; because first quarter’s growth was downwardly … Continue reading
Why are Americans So Unhealthy?
Financial FAQs Americans have just avoided a health care disaster in voting down the Senate’s ‘skinny’ Obamacare Repeal and Replace bill. Even though maintaining most of the taxes to pay for the Medicaid portion, it would have made insurance coverage … Continue reading
Posted in Consumers, Economy, Uncategorized
Tagged CIA World Factbook, gini coefficient, healthcare, Income inequality, Medicaid, Obamacare, us congress
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The End of Easy Money?
Popular Economics Weekly The Fed just completed its July FOMC meeting and said the sale of some of its $4.5 trillion in securities would begin this year. CNBC has predicted the first installment of $300B in sales could begin anytime. … Continue reading
Home Sales Disappoint
The Mortgage Corner Existing-home sales were at a 5.52 million seasonally adjusted annual rate in June, the National Association of Realtors said Monday. That was 0.7 percent above the year-ago rate, but 1.8 percent lower than in May and marked … Continue reading
