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Author Archives: Popular Economics Weekly
Why Does The Fed Hesitate?
Popular Economics Weekly Fed Chairman Ben Bernanke just gave his semi-annual report to Congress, and it looks like Bernanke and his Federal Reserve Governors continue to be cautious in advocating more stimulus. He said that the Fed had more ways … Continue reading
Jobs, Jobs, and more Jobs Needed
Financial FAQs Three new Federal Reserve Governors are up for confirmation that would fill out the Federal Reserve Board of Governors for the first time in years. And what are they saying? Surprise, surprise: “Fed Nominees Stress Job Creation,” was … Continue reading
Where is Harry Truman—Part II?
Popular Economics Weekly What is the case for not providing more additional stimulus spending to boost economic growth? Harvard Econ Prof Gregory Mankiw, former Bush White House economic advisor, gave this rather bizarre prediction for the future behavior of employers … Continue reading
Posted in Consumers, Keynesian economics, Weekly Financial News
Tagged consumer credit, Harry Truman, New Deal, Paul Krugman, PCE, Roosevelt
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Housing Affordability Still Improving
The Mortgage Corner A very pessimistic Harvard University Joint Center for Housing Studies’ 2010 annual report says with the job market in dire straits, household incomes declining and foreclosures dragging down home values, the housing market may take years to … Continue reading
Economic Interdependence Is Good
How interdependent we have become! The lessons of this recession and the ongoing recovery, is that going it alone won’t work—whether when drilling oil wells, or evading financial regulations. We even have to thank our dependence on foreign trade with … Continue reading
May Employment Shows Sustainable Recovery
Popular Economics Weekly The headline number for payrolls in May was disappointing, according to the media, because of anemic growth in the private sector. But in fact it is leading to a more sustainable recovery. Most were temp help workers … Continue reading
Consumers Financial Health Improving
Popular Economics Weekly Consumers’ financial health continues to improve. They are managing to both save and spend more, in spite of worries about both federal and state deficits. In fact, deficits don’t seem to matter to consumers, at least, … Continue reading
The Great Stimulus Debate
Financial FAQs It is called the Great Debate, because it began during the Great Depression. Should government stimulus be used to bring an economy out of recession-depression? Or, should private business play it out, and the weakest fall while the … Continue reading
The Debt Fallacy
Financial FAQs The European debt crisis has re-triggered the debate over budget deficits, and even whether Europe’s problems could trigger a ‘double-dip’ return to recession in our own economy. The contention is that Europe will be burdened with debt for … Continue reading
