Category Archives: Consumers

Who Needs a Tax Cut?

Posted on September 29, 2017 by Popular Economics Weekly

Popular Economics Weekly It turns out very few of us need a tax cut. Marketwatch economist Rex Nutting calculates that those in the 60 percent middle-income brackets—from $32,000 to $140,000 per year—pay just an average 2.5 percent in income taxes. … Continue reading →

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Bad News for Workers = Bad Economic News!

Posted on September 21, 2017 by Popular Economics Weekly

Popular Economics Weekly Personal incomes have been increasing just 2.5 percent on average for several years. The problem is that’s not adequate GDP growth to pay down the $10 trillion in worldwide debt that’s been issued since 2008 to get … Continue reading →

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Factory Orders, Business Investment Rising at the Right Time

Posted on September 15, 2017 by Popular Economics Weekly

Popular Economics Weekly The US Dollar’s decline against foreign currencies, mostly due to geopolitical worries such as N. Korea’s nuclear intentions, is already helping the manufacturing sector with a sharp rise in factory orders. This will be aided by Hurricanes … Continue reading →

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Another Decent Employment Report

Posted on September 6, 2017 by Popular Economics Weekly

Financial FAQs The Bureau of Labor Statistics reported that 156,000 additional nonfarm payroll jobs were created in August, which was less than expected, but will be enough to keep markets happy. And the unemployment rate edged up to 4.4 percent … Continue reading →

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Are Corporate Taxes Too Low?

Posted on August 31, 2017 by Popular Economics Weekly

Financial FAQs As congress now pivots to the debate on tax reform—when and if they can agree on raising the debt ceiling—why is a lower corporate tax rate part of the proposal? The federal budget deficit can’t decline unless congress … Continue reading →

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Cheaper Dollar Will Help Job Growth

Posted on August 29, 2017 by Popular Economics Weekly

Popular Economics Weekly The U.S. Dollar is falling due to a number of factors. And this will boost the export of manufactured goods, as our goods will now be cheaper overseas. It will hurt imports, which become more expensive (even … Continue reading →

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Where Are the New Homes?

Posted on August 24, 2017 by Popular Economics Weekly

The Mortgage Corner There is a surging demand for new home that builders find hard to meet.  New-home sales fell in July to 571,000 units, though May and June totals were revised upward. That’s because the Census Bureau estimate comes … Continue reading →

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Retail Sales Back, But Not Consumers

Posted on August 17, 2017 by Popular Economics Weekly

The Mortgage Corner It turns out consumers decided to shop again in July, as retail sales surged in all categories. This includes online sales these days, as retailers adapt to the new reality that one large store size doesn’t fit … Continue reading →

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What Happened to Rising Wages?

Posted on August 15, 2017 by Popular Economics Weekly

Popular Economics Weekly Everything should point to higher wages and salaries ahead for employees with a 4.3 percent unemployment rate and record corporate profits, but corporate profits go mainly to their executives and owners (and their stockholders) these days. The … Continue reading →

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More Job Openings, Fewer Hirings Mean What?

Posted on August 11, 2017 by Popular Economics Weekly

Popular Economics Weekly The job market continues to fluctuate, as job openings rose sharply in June to 6.163 million from 5.702 million in May. Hires, however, fell sharply, to 5.356 million from 5.459 million. This data set can be volatile … Continue reading →

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