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Author Archives: Popular Economics Weekly
Home Prices Keep Rising
The Mortgage Corner Calculated Risk I said last month the housing market was cooling with the fall weather, but maybe not yet. Because housing prices are still rising in double digits, although they may be leveling off. The S&P CoreLogic … Continue reading
No Real Slowdown in US Recovery
Popular Economics Weekly FRED The latest survey of US businesses shows little diminishing of economic activity in the near future. A survey of senior business executives in service-oriented companies, such as retailers and banks, rebounded to a three-month high of … Continue reading
Retail Sales Confirm Holiday Rally
Financial FAQs FRED September retail sales and food services presage a holiday season worth celebrating, despite supply shortages, worker shortages, and the pandemic. Seasonally adjusted retail sales are up 12 percent over last September, which means that the demand for … Continue reading
JOLTS Report Shows Improved Jobs Market
Financial FAQs Calculated Risk Job openings are plentiful as ever in the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) report for September. It gives the best picture of job growth, better than last Friday’s punk unemployment report (with … Continue reading
Posted in Consumers, COVID-19, Economy, Weekly Financial News
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Why So Few Jobs?
Popular Economics Weekly NPR.org Is hiring cooling off with the cooler weather? We really don’t know, in spite of the punk employment numbers. Economists don’t agree on why employers added just 194,000 jobs in September, according to the Labor Department’s … Continue reading
Posted in Consumers, COVID-19, Economy
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Why Have a Debt Ceiling Debate?
Financial FAQs FREDdebtgdp We might have just been saved from an immediate default on the national debt with all of its consequences. Senate Minority Leader Mitch McConnell late on Wednesday made a new offer to the Democratic-run Senate as lawmakers … Continue reading
U.S. Manufacturing Output Surging
Financial FAQs FREDmanuoutput Growth in the U.S. manufacturing sector is exploding, according to the Institute for Supply Managers Report on Business. Output is up 17 percent in Q2 2021 YoY. It is a great sign of overall economic growth for … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
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What Happened to the Civil War?
Answering Kennedy’s Call NPR.org Removal of the largest Robert E. Lee statue from its prominent place in central Richmond, Virginia is a sign of the times. We are no longer fighting what has been called a ‘cold’ civil war. Not the majority … Continue reading
Posted in Economy, Politics, Uncategorized
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How Do We Build More Housing?
The Mortgage Corner Calculated Risk The housing market is cooling as is the fall weather. It’s not good news for those needing to live somewhere, given the low for sale inventory. But interest rates still remain at record lows, with … Continue reading
Posted in Consumers, COVID-19, Housing, housing market, Weekly Financial News
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Why So Much Income Inequality?
Answering Kennedy’s Call FREDcpi President Biden hopes to pass the largest piece of social legislation since the New Deal with his upcoming $3.5 trillion social infrastructure bill. But he is finding lots of opposition to such public spending. The NY … Continue reading
Posted in COVID-19, Economy, Keynesian economics, Politics
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