Category Archives: Consumers

Record Income Inequality + Trade War = Another Recession?

Posted on June 11, 2018 by Popular Economics Weekly

Popular Economics Weekly Graph: BigTrends.com The Smoot-Hawley Tariff Act, so called, was imposed in 1930 when the Hoover administration raised tariffs on 20,000 foreign, mostly agricultural, imports in an attempt to protect American farmers as we were entering the Great … Continue reading →

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JOLTS Report Suggests Workers Holding Out for Higher Pay

Posted on June 8, 2018 by Popular Economics Weekly

Financial FAQs Graph: Econoday “For the first time in nearly 20 years of existing records, the number of job openings, at 6.698 million in April, is exceeding the number of unemployed actively looking for work, at 6.346 million in April … Continue reading →

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What Happened to Robin Hood?

Posted on May 28, 2018 by Popular Economics Weekly

Popular Economics Weekly Graph: Mother Jones The Brits in particular must be wondering what happened to Robin Hood, the legendary champion of the poor, who robbed the rich to give to the poor during medieval times when nobles ruled their … Continue reading →

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April Housing Sales Slow

Posted on May 25, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: Econoday The above graph says it all. With rising interest rates, housing sales are slowing a bit. Total existing-home sales, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 2.5 percent … Continue reading →

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Housing Construction, Leading Economic Indicators Still Strong

Posted on May 21, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: Econoday The residential housing market is still starving—of supply, that is. Not enough homes are being built to meet the surging demand of new households from both millennials and immigrants. This is when construction starts fell … Continue reading →

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April Retail, Consumer Spending Just Ok

Posted on May 16, 2018 by Popular Economics Weekly

Popular Economics Weekly Graph: Marketwatch Consumers have to do better, if GDP growth is to exceed 3 percent, as the recent tax cut bill promised. Consumer spending was weak in the first quarter and the first look at the second … Continue reading →

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Our ‘Drip-Down’ Economy

Posted on May 10, 2018 by Popular Economics Weekly

Popular Economics Weekly Graph: Marketwatch The results are already in on the current administrations tax and economic policies. They are carrying Ronald Reagan’s trickle-down economy to an even lower level. Let’s call it the ‘Drip-Down Economy’, since none of the … Continue reading →

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A 17-year Low Jobs Rate

Posted on May 4, 2018 by Popular Economics Weekly

Popular Economics Weekly Graph: Market.com Total nonfarm payroll employment increased by 164,000 in April, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, … Continue reading →

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When is the Next Recession?

Posted on May 2, 2018 by Popular Economics Weekly

Financial FAQs Graph: TradingEconomics.com We are nearing the end of the second-longest growth cycle since the Clinton era’s 10-year 1991-2001 boom years; because once again a huge amount of debt has accumulated that ultimately has to be paid for. Are … Continue reading →

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Good Initial Q1 GDP Growth

Posted on April 28, 2018 by Popular Economics Weekly

Popular Economics Weekly Graph: bea.gov Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the first quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, … Continue reading →

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