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Author Archives: Popular Economics Weekly
Ending Our Economic Civil War—Part II
Answering the Kennedys’ Call MarketWatch President-Elect Joe Biden can call a truce from the ongoing Red vs. Blue states economic civil war with just announced picks of his economics team, including Janet Yellen as Treasury Secretary and the economic advisors. … Continue reading
Posted in Uncategorized
Tagged COVID-19 vaccine, Federal Reserve, Great Depression, Income inequality, Janet Yellen
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Are We Having a Double-Dip Recession?
Popular Economics Weekly FREDgdp What if we have a ‘double-dip’ recession; i.e., when and if the US economy returns to negative growth in the fourth quarter? Notwithstanding the record 33.1% annualized snapback in real gross domestic product growth in the third quarter … Continue reading
Posted in Economy, Politics, Weekly Financial News
Tagged consumer spending, GDP growth, initial jobless claims
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Most Home Sales Since Housing Bubble!
The Mortgage Corner Calculated Risk How can there be a record number of homeless and a booming housing market? It’s almost unbelievable that one sector of our economy is growing like in the good old days of the early 2000s … Continue reading
Posted in Consumers, Housing, housing market, Weekly Financial News
Tagged existing-home sales, housing bubble, housing inventory, housing starts
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Retail Sales, Manufacturing Recovering, But What’s Next?
Financial FAQs FREDretailsales Retail sales jumped 5.1 percent year-over-year in October, which means this recovery is much stronger than forecast. But the question for economists will be, can it continue with the ongoing winter COVID-19 surge? It’s incredible that consumers … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics
Tagged COVID-19, Income inequality, retail sales
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There are Plenty of Available Jobs!
Financial FAQs Calculated Risk The 6.4 million job openings on the last business day of September, were “little changed” from prior months, the U.S. Bureau of Labor Statistics reported yesterday. But it is below the 7 million job openings in … Continue reading
When Will Our Economic Civil War End?
Answering the Kennedys’ Call @WIL_inequality When Joe Biden becomes our new President in January 2021 and signals an ambitious ‘new’ new deal to rebuild America, the economic civil war that reached a high point with this presidential election has to … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics
Tagged 1918 Spanish flu, COVID-19, Great Depression, Great Recession, Income inequality
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Another Good Employment Report
Financial FAQs FREDunemployment The U.S. regained 630,000 jobs in October and the unemployment rate fell sharply again to 6.9 percent, said the Bureau of Labor Statistics, reflecting a surprising show of strength for the economy even as coronavirus cases rose … Continue reading
Posted in Consumers, Economy, Weekly Financial News
Tagged COVID-19 vaccine, unemployment report
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How Will US Economy Survive COVID-19?
Popular Economics Weekly FREDpersonalconsumption The US economy must first survive this pandemic before it will benefit most Americans. Some sectors are doing better, but ignore the financial market swings, which benefit 401(k)s, but not most Americans. Advance estimates of U.S. … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged consumer spending, COVID-19, PCE Price Index
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Q3 Real GDP Jumps +33 Percent
Popular Economics Weekly Calculated Risk We are not really out of the COVID recession, per Calculated Risk graph, even though the US Bureau of Economic Analysis (BEA) “advance” estimate of third quarter GDP growth increased +33.1 percent. But it’s still … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged COVID-19 vaccine, GDP growth
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End of the Age of Narcissism–Part II?
Answering the Kennedys’ Call USAToday South Dakota’s Sturgis Motorcycle Rally this August was notable for the estimated 450,000 attending during the COVID-19 pandemic. It happened in spite of the almost unanimous warnings given by public health officials that it could … Continue reading
Posted in Macro Economics, Politics, Uncategorized
Tagged COVID-19, New Deal, republican party, Teddy Roosevelt
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