Category Archives: Keynesian economics

Why Not A Return to the ‘Roaring Twenties’?

The Mortgage Corner “The Roaring Twenties was a decade of economic growth and widespread prosperity, driven by recovery from wartime devastation and deferred spending, a boom in construction, and the rapid growth of consumer goods such as automobiles and electricity … Continue reading

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Our Budget Deficit Isn’t the Problem

Financial FAQs Harvard Economics Professor and former Treasury Secretary Larry Summers said Tuesday during an event staged by the Center for American Progress, a Democratic Party-aligned think tank, that the U.S. budget deficit, which came in at $1.7 trillion in … Continue reading

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Higher Economic Growth Ahead–Part II

Financial FAQs AtlantaGDPNow US economic growth could be accelerating—with manufacturing as well. It was consumers that provided most of the 2.4 percent increase in Gross Domestic Product (GDP) in the ‘advance’ (first of three) estimates of second quarter economic growth, … Continue reading

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Higher Economic Growth Ahead?

Financial FAQs AtlantaGDPNow The US economy continues to expand in all sectors—with consumers as well as in manufacturing. But it was consumers that provided most of the 2.4 percent increase in Gross Domestic Product (GDP) in the ‘advance’ (first of … Continue reading

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Is Job Market Still Too Hot?

Financial FAQs CalculatedRisk No matter how hard it tries, the Fed hasn’t been able to slow hiring in the hopes that it will bring down inflation—because corporations have record profits and are only beginning to lay off workers. But watch out … Continue reading

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To A Happier New Year!

Popular Economics Weekly AtlantaGDPNow Will US economic growth fall off a cliff in January? Maybe not. The Atlanta Federal Reserves’ GDPNow estimate has just raised their estimate of fourth quarter GDP growth to 3.7 percent and it was right on … Continue reading

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Don’t Blame the Workers

Popular Economics Weekly FREDavghourlywages What are we to make of Senator Elizabeth Warren’s reaction to Fed Chair Powell’s recent remarks on inflation? “He’s pushing hard to get more people fired because he thinks that is one way to help bring … Continue reading

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Americans Still Fully Employed

Popular Economics Weekly MarketWatch Every sector added jobs in October’s nonfarm unemployment report except mining, and the unemployment rate is still at a record low of 3.7 percent, even with the Fed promising to continue to raise interest rates. “Total … Continue reading

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Strong Job Growth Continues

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

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Surprise January Jobs Growth!

Popular Economics Weekly MarketWatch.com In another surprise that will confound the pessimists who see a looming recession, the U.S. added 467,000 jobs in January and hiring was much stronger at the end of 2021 than originally reported. The U.S. also … Continue reading

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