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Author Archives: Popular Economics Weekly
Trump’s Terrible Tax Bill
Popular Economics Weekly The Guardian President Trump and Republicans terrible tax bill signed on July 4 will impoverish more Americans, worsen our health, with fewer protections from natural disasters and foreign threats. The bill raises the debt ceiling by $3-4 … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged Donald Trump, Economy, GDP growth, inflation, interest rates, news, Politics, Trump
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A Better Jobs Report?
Popular Economics Weekly “Total nonfarm payroll employment increased by 147,000 in June, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in state government and health care. Federal government … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, Economy, Federal Reserve, finance, GDP growth, Great Recession, inflation, interest rates, news, Politics, Trump
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Too Many Vacant Jobs?
Financial FAQs The number of job openings was little changed at 7.8 million in May, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.5 million and 5.2 million, … Continue reading
Posted in Consumers, COVID-19, Economy, Macro Economics, Politics, Weekly Financial News
Tagged Economy, finance, GDP growth, inflation, interest rates, jobs, news, Trump
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Worried Consumers Shop Less
Popular Economics Weekly “Disposable personal income (DPI)—personal income less personal current taxes—decreased $125.0 billion (0.6 percent) and personal consumption expenditures (PCE) decreased $29.3 billion (0.1 percent).” BEA.GOV We are seeing one of the classic signs of a looming recession—consumers are … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, investing
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First Quarter Growth Revised Lower
Financial FAQs “Real gross domestic product (GDP) decreased at an annual rate of -0.5 percent in the first quarter of 2025 (January, February, and March), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the fourth … Continue reading
Posted in Uncategorized
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, Politics
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Interest Rates Coming Down?
The Mortgage Corner “Existing-home sales rose in May, according to the National Association of REALTORS®. Sales elevated in the Northeast, Midwest and South, but retreated in the West. Year-over-year, sales progressed in the Northeast and Midwest but contracted in the … Continue reading
Posted in Consumers, COVID-19, Economy, Housing, Politics, Weekly Financial News
Tagged consumer spending, Economy, Federal Reserve, finance, GDP growth, Great Recession, inflation, interest rates, Politics, Trump
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U.S. Already in Recession?
Financial FAQs The Conference Board Leading Economic Index® (LEI) for the US ticked down by 0.1% in May 2025 to 99.0 (2016=100), after declining by 1.4% in April (revised downward from –1.0% originally reported). The LEI has fallen by 2.7% in … Continue reading
Tariffs Trump Consumer Spending
Financial FAQs “Advance estimates of U.S. retail and food services sales for May 2025, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $715.4 billion, down 0.9 percent (±0.5 percent) from the previous month, … 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, Trump
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California Can’t Be Bullied
Popular Economics Weekly Governor Gavin Newsom today announced that California has officially overtaken Japan to become the world’s fourth-largest economy, according to newly released data from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis (BEA). April, 2025 LATimes The Trump … Continue reading
Republicans Have Never Paid Their Bills
Financial FAQs “The new law will reduce federal revenues by significant amounts, even after allowing for the impact on economic growth. It will make the distribution of after-tax income more unequal. If it is not financed with concurrent spending cuts … Continue reading
Posted in Consumers, COVID-19, Economy, Macro Economics, Politics, Weekly Financial News
Tagged Donald Trump, Economy, federal budget, federal budget deficit, foreign trade, Libertarian Ron Paul. Presidents Ronald Reagan, news, Politics, President Donald Trump, President Eisenhower, tariffs, Trump
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