Category Archives: Economy

President Biden’s New Deal Budget Helps All of US

Posted on June 2, 2021 by Popular Economics Weekly

Financial FAQs President Biden’s $6 billion 2021-22 budget proposal would rebuild America’s infrastructure and social safety net, supporting those essential workers that need it the most. “It also represents the most substantial expansion of the federal government’s spending powers since … Continue reading →

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Some Workers Reluctant to Return to Their Jobs

Posted on May 26, 2021 by Popular Economics Weekly

Financial FAQs CNBC.com “In the week ending May 15, the advance figure for seasonally adjusted initial (jobless) claims was 444,000, a decrease of 34,000 from the previous week’s revised level. This is the lowest level for initial claims since March … Continue reading →

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Job Openings Soar

Posted on May 12, 2021 by Popular Economics Weekly

Financial FAQs Calculatedriskblog “The number of job openings reached a series high of 8.1 million (yellow line in graph) on the last business day of March, the U.S. Bureau of Labor Statistics reported today. Hires were little changed at 6.0 … Continue reading →

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A disappointing Jobs Report

Posted on May 7, 2021 by Popular Economics Weekly

Popular Economics Weekly MarketWatch.com Not everyone is eager to go back to work, according to this morning’s unemployment report. The US economy added just 266,000 new nonfarm payroll jobs in April. Leisure and hospitality led the way with 331,000 jobs … Continue reading →

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The Age of Narcissism is Ending

Posted on May 6, 2021 by Popular Economics Weekly

Answering the Kennedys’ Call PEWResearch The election of President Biden is bringing an end to the age of narcissism, or as Tom Wolfe titled it in 1976, “The ‘Me’ Decade”. Only 30 percent of adult Americans say they still like our former … Continue reading →

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American Economy Gets a New Deal

Posted on April 29, 2021 by Popular Economics Weekly

Popular Economics Weekly BEA.gov President Biden announced in his first ‘non-State of the Union’ address that “America is on the move again,” saying in effect that government isn’t the problem but the solution to today’s problems, including the horrific events … Continue reading →

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A Better Use of Economic Growth

Posted on April 26, 2021 by Popular Economics Weekly

Popular Economics Weekly AtlantaFed The Atlanta Federal Reserve Bank puts out a GDP now forecast of upcoming monthly GDP growth, and its latest estimate puts growth at the highest level since the 1980s, as we recover from the COVID-19 pandemic. … Continue reading →

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How High Go Housing Prices?

Posted on April 21, 2021 by Popular Economics Weekly

The Mortgage Corner Calculatedriskblog How high can housing prices go? They rose in double digits annually in the early 2000s during the housing bubble. But that was when the housing supply could not keep up with the demand for housing, … Continue reading →

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A Debt-Fueled Recovery Needed

Posted on April 20, 2021 by Popular Economics Weekly

Popular Economics Weekly To: Barron’s Letters Published: April 19, 2021 Barron’s Lisa Beilfuss cites David Rosenberg’s worries about hyperinflation (because of the Federal Reserve’s inability to keep inflation within acceptable rates), as the reason to worry about a sustainable “debt-fueled” … Continue reading →

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Debt-Fueled Recovery Needed

Posted on April 18, 2021 by Popular Economics Weekly

Popular Economics Weekly To: Barron’s Letters Published: April 19, 2021 Barron’s Lisa Beilfuss cites David Rosenberg’s worries about hyperinflation (because of the Federal Reserve’s inability to keep inflation within acceptable rates), as the reason to worry about a sustainable “debt-fueled” … Continue reading →

Posted in Consumers, COVID-19, Economy, Keynesian economics, Macro Economics | 1 Comment