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Author Archives: Popular Economics Weekly
Retail Sales Surge While Consumers Pay Down Debt
Popular Economics Weekly Econoday.com U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by rebuilding efforts in areas devastated by Hurricane Florence. CBS News reports an economic consulting firm says Hurricane … Continue reading
Posted in Uncategorized
Tagged consumer credit, consumer spending, household net worth, retail sales
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Retail Sales Surge While Consumers Pay Down Debt
Popular Economics Weekly Econoday.com U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by rebuilding efforts in areas devastated by Hurricane Florence. CBS News reports an economic consulting firm says Hurricane … Continue reading
Posted in Consumers, Economy, Weekly Financial News
Tagged consumer credit, consumer spending, household net worth, retail sales
Leave a comment
Higher Interest Rates Ahead?
Popular Economics Weekly Econoday.com The benchmark 10-year Treasury Bond Yield that determines mortgage and other long term rates ended at 3.13 percent today from 3.11 percent last week with the continued stock market selloff. It was as high as 3.22 … Continue reading
Posted in Consumers, Economy, Weekly Financial News
Tagged Consumer sentiment, consumer spending, CPI, Federal Reserve, inflation, interest rates, JOLTS, PPI
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What Happens to 1% with Demo’s Blue Wave?
The Mortgage Corner Washington Post Now that the Democrats will be taking back the US House of Representatives in January, can they enact programs that improve the record income inequality in America? American citizens have the least equal incomes … Continue reading
Posted in Uncategorized
Tagged Donald Trump, federal budget, GDP, Income inequality, minimum wage, republican party
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On Tyranny
Answering The Kennedys Call Amazon.com Whether or not President Donald Trump ever owned a copy of Hitler’s Mein Kampf, stories abound of its existence with followers such as Steve Bannon, who was reported to have gifted him a signed copy … Continue reading
Posted in Uncategorized
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U.S. Wages At 9-Year High
Popular Economics Weekly MarketWatch.com Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, in construction, … Continue reading
Posted in Consumers, Economy, Weekly Financial News
Tagged Federal Reserve, interest rates, JOLTS, payroll jobs, unemployment report
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The Budget Buster-In-Chief Wants to Scare US
The Mortgage Corner Federal Budget The Treasury is on track to issue $1.34 trillion in new debt this year, more than double the amount in 2017. The Trump tax cuts and higher government spending are leading to higher borrowing needs, … Continue reading
Posted in Consumers, Economy, Politics, Uncategorized
Tagged budget deficit, federal debt, Federal Reserve, Janet Yellen, President Trump, Treasury bonds
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Mr. President, Please Don’t Shoot Anyone!
Financial FAQs Mother Jones/Wikipedia Where is President Obama and other national leaders when we need them? Where is someone to refute the neo-Nazi lies of President Donald Trump, who no longer has to brag that he can shoot someone on … Continue reading
Posted in Politics, Uncategorized
Tagged gun violence, immigrants, President Obama, President Trump
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No Need to Fear Inflation, Or Higher Interest Rates
Popular Economic Weekly Calculated Risk The benchmark 10-year Treasury Bond Yield fell back to 3.11 percent today with the stock market selloff, down from as high as 3.22 percent last week. And Gross Domestic Product rose 3.5 percent in Q3’s … Continue reading
Government Is the Solution Part II—Housing For the Homeless
Popular Economic Weekly thelundreport.org I said in an earlier column “that part of the solution to the housing and homeless crisis has to be the responsibility of governments.” A recent Project Syndicate article by UC Berkeley economist Laura Tyson, and … Continue reading
Posted in Politics, Uncategorized
Tagged affordable housing, homelessness, Income inequality, ushud
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