Category Archives: Consumers

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 →

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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 →

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Employment Picture Still Unclear

Popular Economics Weekly Marketwatch.com The official unemployment rate fell for the third month in a row to 10.2 percent from 11.1 percent, the government said Friday. The hot pace of U.S. employment growth in the late spring gave way in … Continue reading →

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Alas, The Recovery That Was…

Financial FAQs Reuters.com Because the deadline has passed to renew unemployment benefits enacted by the CARES Act, it looks like there will be no quick economic recovery in the fall. I am supposing the recovery could ultimately be shaped like … Continue reading →

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When Will Growth Return?

Financial FAQs FRED-MarketWatch The headline decline in Q2 GDP growth only touches the surface of what economic growth to expect this fall and winter. The drop of minus -32.9 percent was inevitable with the pandemic lockdowns, but not the severity … Continue reading →

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Consumer Confidence in Decline

Popular Economics Weekly FRED There are a number of reasons that consumers are becoming more fearful after that initial boost of spending with the spring holidays. It’s not only the prospect of a COVID-19 resurgence in the fall when we … Continue reading →

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Our ‘Whac-A-Mole’ Recovery

Financial FAQs FREDinitialclaims Initial jobless claim for the week ending were slightly up at 1,416,000 for the week ending July 18, which means that the reversals of business openings as COVID-19 infection rates soar again have flattened the wrong curve—applications … Continue reading →

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What ‘V’– Shaped Recovery?

Popular Economics Weekly FREDInitialClaims It’s becoming obvious to me there will be no ‘V’ shaped economic recovery with positive GDP growth resuming in the fall and winter quarters, after the plunges we are seeing in Q1 and projected Q2 growth. … Continue reading →

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COVID-19—WHO Wins?

Popular Economics Weekly https://twitter.com/jfkirkegaard Conquering the pandemic really means depending on the cooperation across borders of races and ethnicities that separate regions and countries. COVID-19 is winning the battle in those countries and states with the worst outbreaks that believe … Continue reading →

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Why So Much Inequality?

Financial FAQs Wrightson/ICAP Nobel Laureate and NYTimes columnist Paul Krugman has said it would probably take something on the scale of an alien invasion to create the emergency programs and policies that would benefit all Americans, such as another New … Continue reading →

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