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Author Archives: Popular Economics Weekly
Too Few Jobs
Financial FAQs “The number of job openings was little changed at 7.1 million in November, the U.S. Bureau of Labor Statistics reported today. Over the month, hires were little changed and total separations were unchanged at 5.1 million each.” BLS.gov … Continue reading
Equality Is Good for Everyone–Part II
Popular Economics Weekly “Nineteen states will increase their minimum wages on January 1, boosting earnings for more than 8.3 million workers by a total of $5 billion. In addition, 47 cities and counties will raise their minimum wages, adding to the … Continue reading
A Better Economy For Whom?
Popular Economics Weekly “…in going from the Biden Administration to the Trump Administration, we have traded an economy that disproportionately benefited low-income workers to one that disproportionately benefits the well-off (particularly those who own a lot of stocks).” Paul Krugman … Continue reading
Equality Is Good For Everyone!
Answering Kennedy’s Call “And on the tax front, it’s time for rich people like me to pay more.” Mitt Romney Getty/Bettmann This quote from a recent NYTimes Mitt Romney Op-ed is my Christmas message: Equal opportunity hasn’t been available to … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged budget deficit, consumer spending, economics, Economy, Federal Reserve, GDP growth, gini inequality index, Great Recession, history, Income inequality, inequality, inflation, interest rates, Mitt Romney, Politics, poverty, tariffs, unemployment report
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Where is the Inflation?
Financial FAQs “When I took office, inflation was the worst in 48 years, and some would say in the history of our country. President Donald Trump FREDcpi No, just a cursory look at the St. Louis Fed’s above graph of the … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, investing, Politics, Trump, unemployment report
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Where Are the Jobs?
Financial FAQs “Total nonfarm payroll employment changed little in November (+64,000) and has shown little net change since April, the U.S. Bureau of Labor Statistics reported today. In November, the unemployment rate, at 4.6 percent, was little changed from September. … Continue reading
The Great Recession Lesson
Financial FAQs “Irrational Exuberance. Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity – or, rather, inattention, misinformation about fundamentals, and an exaggerated … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, investing, Politics
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Still Flying Blind–Part II
Financial FAQs “Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment. And while November’s slowdown was broad-based, it was led by a pullback among small businesses.” ADP wallpaperaccess.com We know why consumer confidence … Continue reading
Trump Copies Putinism
Popular Economics Weekly “Russian mathematician and Putin critic Andrey Piontkovsky characterized Putinism as “the highest and final stage of bandit capitalism in Russia; and also as a war, ‘consolidation’ of the nation on the ground of hatred against some ethnic group, … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged black plague, budget deficit, capitalism, coronavirus, COVID-19, Donald Trump, economic growth, Economy, EPIDEMICS, Federal Reserve, finance, flu, GDP growth, history, inequality, inflation, interest rates, pandemic, Politics, poverty, Recession, Russia, Spanish Flu, tariffs, Trump
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What is Worrying Consumers?
Financial FAQs “Consumer confidence tumbled in November to its second lowest level since April after moving sideways for several months,” said Dana M Peterson, Chief Economist, The Conference Board. “All five components of the overall index flagged or remained weak.” Conference … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, Donald Trump, Economy, Federal Reserve, GDP growth, inflation, interest rates, Politics, tariffs, Trump
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