Category Archives: Consumers

A New Year’s Wish—Greater Prosperity for All of US!

Posted on December 26, 2019 by Popular Economics Weekly

Popular Economics Weekly Although this cannot happen until results of the 2020 presidential election overturn a Republican Senate, I wish for something that President Eisenhower has said best. With higher tax rates that prevailed in the 1950-1970s, corporations in the … Continue reading →

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Q3 GDP Unchanged

Posted on December 20, 2019 by Popular Economics Weekly

Popular Economics Weekly FRED The Commerce Department’s final estimate of third quarter U.S. economic growth was unchanged at 2.1 percent, as strong consumer spending was offset by weaker business investment and shrinking inventories. Consumers were the difference, as they kept … Continue reading →

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Full Speed Ahead for Housing Construction, Sales?

Posted on December 17, 2019 by Popular Economics Weekly

The Mortgage Corner Wrightson.com The ultra-low interest rates are making a difference as homebuilder sentiment is soaring along with new building permits, which should boost new and existing-home sales as well. For instance, more new homes on the market encourage … Continue reading →

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Why are Consumers Buying Less?

Posted on December 12, 2019 by Popular Economics Weekly

Financial FAQs Wrightson.com President Trump tweeted this morning that U.S. and China were close to a “really big deal”, and stocks rallied with the S&P up as much as 30 points and the DOW 250 points higher in early trading. … Continue reading →

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Big November Employment Boost

Posted on December 6, 2019 by Popular Economics Weekly

Financial FAQs MarketWatch.com Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional … Continue reading →

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Economic Growth…Watch Out Below—Part II!

Posted on December 2, 2019 by Popular Economics Weekly

Popular Economics Weekly Wrightson.com It is obvious from the above graph that manufacturing activity is contracting, whereas the service industries continue to grow.  Exports that depend mostly on manufactured goods are therefore declining, while imports that depend on consumers will … Continue reading →

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Consumer Confidence Is Boosting Housing

Posted on November 26, 2019 by Popular Economics Weekly

The Mortgage Corner StLouisFRED New-home sales are now back to the long term average in the above graph that dates back to the 1960s, and consumers are still reasonably confident of their future. “Sales of new single‐family houses in October … Continue reading →

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Is It Start of a New Housing Boom?

Posted on November 20, 2019 by Popular Economics Weekly

The Mortgage Corner Calculated Risk We should be careful in announcing a new housing boom. It can be a two-edged pronouncement, since a housing bust followed the last housing boom and precipitated the Great Recession. But it certainly looks like … Continue reading →

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Q4 Economic Growth…Watch Out Below!

Posted on November 18, 2019 by Popular Economics Weekly

Popular Economics Weekly We might have a problem with economic growth in the fourth quarter, thanks in part to Republicans’ 2017 tax cuts that were to stimulate longer term growth and jobs, believe it or not. The New York and … Continue reading →

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What’s Happening To Interest Rates?

Posted on November 13, 2019 by Popular Economics Weekly

Popular Economics Weekly StLouisFRED The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis after being unchanged in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 … Continue reading →

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