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Author Archives: Popular Economics Weekly
Will We Repeat the Spanish Influenza Pandemic?
Answering the Kennedys’ Call Early in Bob Woodward’s just released best-seller, Rage, President Trump said he knew by February that COVID-19 could act much like the Spanish influenza pandemic of 1918-19. It was estimated to have killed 675,000 Americans and … Continue reading
Where are the Jobs?
Popular Economics Weekly Calculated Risk The number of job openings increased to 6.6 million on the last business day of July, the U.S. Bureau of Labor Statistics reported last week, a good sign. Labor’s JOLTS report will be an important … Continue reading
Posted in Consumers, Economy, housing market, Weekly Financial News
Tagged consumer spending, JOLTS report, unemployment report
1 Comment
Who Owns America?
Financial FAQs seekingalpha.com Kurt Andersen’s new best seller, Evil Geniuses, The Unmaking of America (2020, Random House), gives a terrific history of the current Gilded Age we are suffering through that has largely benefited Big Business and its enablers. Just … Continue reading
Employment Picture Improving?
Popular Economics Weekly MarketWatch It wasn’t as much improvement as expected, and more layoffs are coming with the end of the CARES Act benefits that kept workers on payrolls, or temporarily furloughed. The Labor Department (BLS) reported the August unemployment … Continue reading
Posted in Economy, Politics, Weekly Financial News
Tagged budget deficit, Federal Reserve, unemployment report
2 Comments
What is This Election Really About?
Answering the Kennedys’ Call #eisenhower Now is the time to cure our record income and wealth inequality, since it’s not only adversely affecting the most vulnerable during this pandemic—including our mostly low-income essential health care and public safety workers—but overall … Continue reading
Posted in Economy, Keynesian economics, Politics, Uncategorized
Tagged COVID-19, GDP growth, Great Recession, tax rates
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Joblessness to Increase This Fall
Popular Economics Weekly FREDinitialclaims The initial claims for unemployment insurance curve has flattened, rather than continuing to decline as the US economy opens. Not a good sign for future job growth. Why? The coronavirus infection rate hasn’t declined, in a … Continue reading
Should The Fed Boost Inflation?
Financial FAQs FRED10yrInflation The Federal Reserve is so desperate to support growth in this pandemic that it wants to allow inflation to rise above its 2 percent target range. Why? Inflation and rising prices are usually a sign of economic … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics, Weekly Financial News
Tagged Federal Reserve, inflation rate, interest rates
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Why Housing Boom – Part II
The Mortgage Corner Calculated Risk Total existing-home sales, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 24.7 percent from June to a seasonally-adjusted annual rate of 5.86 million in July. The previous record monthly increase in … Continue reading
What’s Next…?
Financial FAQs MarketWatch U.S. stocks finished mostly higher Tuesday, with the S&P 500 index notching its first record close since Feb. 19, and marking the quickest recovery from bear-market territory in its history, according to Dow Jones Market Data. So … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged DOW, GDP growth. inflation, interest rates, New Deal, Spanish Flu, stock market, World War One
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Happy Consumers Are the Key…
Popular Economics Weekly FREDretailsales Are we heading for a fall in the Fall when the ordinary flu season begins? The chickens may be coming home to roost, as the saying goes, because the US economy opened to soon. Retail sales … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged Consumer sentiment, COVID-19, influenza, pandemic, retail sales
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