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Author Archives: Popular Economics Weekly
Housing Market Will Survive Coronavirus
The Mortgage Corner NAHB.org What happens to housing with the COVID-19 pandemic? It had been on the road to recovery with record low interest rates; so much so that single-family housing starts have been soaring since 2019 as more millennials … Continue reading
Why Do We Need a (new) New Deal?
Financial FAQs Amazon COVID-19 has finally done it. The new bi-partisan legislation working through congress that apportions money to the people and businesses that really need it—working (salaried) folk and small businesses with less access to credit—tell us why we … Continue reading
Has the Recession Begun?
Popular Economics Weekly Wikipedia It might not matter when the so-called infection curve begins to flatten, or the epidemic “washes away”, as President Trump has said. The economic damage has already been done, due in part to the lack of … Continue reading
How Do We Fight COVID-19?
Popular Economics Weekly St.LouisFRED Economists are beginning to predict the worst due to the COVID-19 outbreak that has become a worldwide pandemic. Former Fed Vice-Chairman Alan Blinder said recently on CNBC that a recession may have already begun this March; … Continue reading
Nobelist Daniel Kahneman on Thinking, Fast and Slow
Financial FAQs Amazon Thinking, Fast and Slow; what else should Nobel Laureate Daniel Kahneman be noted for, the son of Lithuanian Jewish parents fleeing the Russian Empire in the 1920s who grew up to the sound of marching black boots … Continue reading
No Job Losses Due to Coronavirus—Yet
Popular Economics Weekly MarketWatch The Labor Department’s February employment survey took place in the middle of February, before the coronavirus began its worldwide spread. So we will have to wait for March employment figures to know its impact on employment, … Continue reading
Posted in Consumers, Economy, Uncategorized
Tagged coronavirus, COVID-19, Great Recession, infectious diseases, NBER
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The Wages of Fear in a Recession—Part II
Financial FAQs FRED Is the U.S. economy already in recession? How can it be with more than 80 percent of the adult workforce employed? But that isn’t how recessions actually begin, as portrayed in the above St. Louis Fed unemployment … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged business cycles, coronavirus, COVID-19, Great Depression, Great Recession, NBER
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The Wages of Fear In Distrustful Times
Financial FAQs Goldman Sachs The Wages of Fear is a famous 1950s French film starring Yves Montand about four men that agree to carry a very dangerous cargo of nitroglycerine, the main dynamite ingredient, through a remote South American jungle … Continue reading
Won’t You Be My Neighbor??
Popular Economics Weekly DailyKos The maxim that we are our brothers’ keeper has always been one of Christ’s teachings that Christians should follow, just as Mr. Rogers asked his TV viewers to be his good neighbor, and Martin Luther King, … Continue reading
Posted in Politics, Uncategorized
Tagged coronavirus, Donald Trump, Ebola virus, martin luther king Jr, SARs, zika virus
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Housing Market (Still) Alive and Well
The Mortgage Corner FRED-ICAP All is still well with residential housing into this new year. Both housing starts and permits exceeded predictions, with starts now at 1.57 annual units, and permits at a 13-year high of 1.551 million units annualized. … Continue reading
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