Category Archives: COVID-19

U.S. Economy Resumes Growth in Q2

Posted on May 26, 2022 by Popular Economics Weekly

Popular Economics Weekly The panic selling in financial markets of late is in part because first quarter 2022 GDP growth contracted after last year’s huge 5.6 percent growth surge, triggering worries of an imminent recession. The U.S. economy shrank by … Continue reading →

Posted in Consumers, COVID-19, Economy, Weekly Financial News | 1 Comment

Leading Indicators Show Moderate Growth

Posted on May 19, 2022 by Popular Economics Weekly

Popular Economics Weekly ConferenceBoardLEI The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.3 percent in April to 119.2 (2016 = 100), following a 0.1 percent increase in March. (But) The LEI is now up 0.9 percent over … Continue reading →

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Booming Retail Sales Belie Recession Worries

Posted on May 17, 2022 by Popular Economics Weekly

Financial FAQs FREDretailsales The St Louis Federal Reserve graph of April retail sales tells us more than a thousand words that there is no imminent recession. Maybe not even next year either, because consumers continue to shop, with auto sales … Continue reading →

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What Really Caused This Terrible Inflation?

Posted on May 12, 2022 by Popular Economics Weekly

Popular Economics Weekly FREDcpiindex The St Louis Federal Reserve graph tells us what is going on with April’s plunge in the Consumer Price Index. It’s due to a moderation of soaring gas prices. But food, shelter, and supply shortages haven’t … Continue reading →

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Why Call A Recession Now??

Posted on May 6, 2022 by Popular Economics Weekly

Popular Economics Weekly NBER.org We are at a classic top of the business cycle when the demand for products is sky high and all the factors that restrict supply are causing red hot inflation numbers. The Federal Reserve then must … Continue reading →

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Home Construction Catching Up

Posted on April 21, 2022 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Calculated Risk’s Bill McBride says the most residential units are under construction since 1973, as can be seen in his Calculated Risk graph. “Combined, there are 1.622 million units under construction. It is the most … Continue reading →

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What Recession?

Posted on April 15, 2022 by Popular Economics Weekly

Financial FAQs FREDretailsales Retail sales are rising 5.5 percent YoY, which is a sign that the economy is still booming, and the possibility of a recession years away. That is, if inflation begins to taper of its own accord, which … Continue reading →

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What Is the New Normal?

Posted on April 13, 2022 by Popular Economics Weekly

Popular Economics Weekly FREDcpi What will the future look like with the COVID-19 pandemic about to end, and a possible new cold war with Russia just beginning? It is a time when governments come to the rescue. We’ve seen it … Continue reading →

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What Stagflation?

Posted on April 9, 2022 by Popular Economics Weekly

Financial FAQs TradingEconomics U.S. service sector activity that powers two-thirds of economic activity above graph) is surging more than ever, according to the Institute of Supply Management non-manufacturing survey. It is growing per 58.3 percent of managers surveyed, with the index … Continue reading →

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Strong Job Growth Continues

Posted on April 2, 2022 by Popular Economics Weekly

Popular Economics Weekly MarketWatch The unemployment rate slid to 3.6 percent in March from 3.8 percent in February, the government said Friday. The big news was that with an additional 431,000 nonfarm payroll jobs added in March, a total of … Continue reading →

Posted in Consumers, COVID-19, Economy, Keynesian economics, Politics, Weekly Financial News | 3 Comments