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Author Archives: Popular Economics Weekly
Higher Retail Sales + Consumer Confidence = Growth
Popular Economics Weekly The consumer showed a lot of life in May, driving up retail sales 1.2 percent with gains sweeping nearly all components. A leading component in the month was motor vehicle sales which jumped 2.0 percent, excluding which … Continue reading
Friday’s Unemployment Report Was Gangbusters!
Popular Economics Weekly Why start with motor vehicle sales, I said yesterday? Because jobs are created these days only when consumers buy more, and they will only grow their purchases when incomes are rising. So the good news in Friday’s … Continue reading
Big Surge In Vehicle Sales, Service Sector, ADP Employment
Popular Economics Weekly Why start with motor vehicle sales? “Consumers weren’t holding back in May when it came to buying cars and trucks which sold at a 17.8 million annual rate for a whopping 7.9 percent gain from April,” said … Continue reading
Posted in Consumers, Economy, Housing, Politics, Weekly Financial News
Tagged ADP payroll survey, consumer confidence, consumer spending, ISM Non-manufacturing index, motor vehicle sales, President Clinton, President GW Bush, President Obama, President Reagan, service sector growth, unemployment, unemployment rate
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Pending Home Sales In Record Territory
The Mortgage Corner Pending home sales hit a 9-year high in April, according to data released last Friday by the National Association of Realtors. This is an early sign that housing construction and sales will come out of their winter … Continue reading
IRS Data Theft and Russia’s Red Notice
It has to be more than a coincidence that the recent cyber theft of IRS tax data has been traced to Russian criminals. IRS investigators believe the identity thieves who stole the personal tax information of more than 100,000 taxpayers … Continue reading
New-Home Sales, Case Shiller Index On the Rise
The Mortgage Corner–II As if to confirm U.S. housing starts and building permits’ jump to their highest levels in nearly 7-1/2 years, the sales rate of new single-family houses in April 2015 rose even higher at a seasonally adjusted annual … Continue reading
Higher Minimum Wage Strengthens Labor Unions
Popular Economics Weekly Unions may have been weakened by Republican efforts to abolish labor’s collective bargaining power, (in order to weaken their support of Democratic Party policies), but that may be changing as unions have found a new cause—working to … Continue reading
Housing Construction Surge—Sign of Better Times?
The Mortgage Corner U.S. housing starts jumped to their highest level in nearly 7-1/2 years in April and permits soared, hopeful signs for an economy that is struggling to regain strong momentum after a dismal first quarter. And that is … Continue reading
Dr. Robert Shiller–Why the Weak Recovery?
Popular Economics Weekly Nobelist Robert Shiller, winner of the Nobel for his research in Behavioral Economics, or the psychology that drives economic behavior, has come up with the latest reason this economic recovery has been so weak to date. GDP … Continue reading
