Category Archives: Macro Economics

Don’t Forget the Millennials!

Posted on July 17, 2014 by Popular Economics Weekly

Popular Economics Weekly Fed Chair Janet Yellen’s current congressional testimony is saying the Fed could keep rates low for a long time to come. Why? Because unemployment is still too high, and economic growth too slow at present. The CBO … Continue reading →

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We Need Some Inflation!

Posted on July 8, 2014 by Popular Economics Weekly

Financial FAQs How much inflation is too much inflation? Germany thinks any inflation is too much, based on their 1920s inflation experience when burning money for fuel was cheaper than burning wood. It has led to the EU’s draconian austerity … Continue reading →

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What is Yellen’s Real Unemployment Rate?

Posted on July 3, 2014 by Popular Economics Weekly

Financial FAQs Fed Chairwoman Janet Yellen spoke with IMF President Christine Lagard at an epoch-making conference yesterday. It was epoch-making (with luminaries such a ex-Fed Chair Paul Volcker in attendance), because Ms. Yellen told us which unemployment rate she and … Continue reading →

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Austerity Must End With Q1 GDP Plunge

Posted on June 30, 2014 by Popular Economics Weekly

Popular Economics Weekly The final Q1 2014 GDP growth estimate of minus (-2.9) percent, down from the second (-1) percent drop, was a shock for several reasons. Firstly, it means our domestic economy is still sputtering, five years after the … Continue reading →

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Will Housing Now Lead the Recovery?

Posted on June 24, 2014 by Popular Economics Weekly

The Mortgage Corner There is still hope that housing may help this economic recovery, as it has in past recoveries. But that is only if Fed Chairman Janet Yellen succeeds in keeping interest rates—mortgage rates in particular—at their current low, … Continue reading →

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When is Higher Inflation Good?

Posted on June 20, 2014 by Popular Economics Weekly

Financial FAQs The short answer is that higher inflation comes from higher growth rates, and so when an economy expands faster, then prices should also rise faster. Otherwise companies’ profits don’t rise and they won’t want to expand their businesses … Continue reading →

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Why Have a Higher Minimum Wage?

Posted on June 17, 2014 by Popular Economics Weekly

Popular Economics Weekly The International Monetary Fund just came out with a depressing prognosis for US economic growth—2 percent this year, and maybe 3 percent next year? Why? A too bad winter, slowdown in the housing market, and stagnant wages. … Continue reading →

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T Piketty and Capital Beyond the 21st Century

Posted on May 26, 2014 by Popular Economics Weekly

Popular Economics Weekly Thomas Piketty’s Capital in the 21st Century is about more than proving that excessive income and wealth inequality has been the norm over centuries by so-called free market capitalism, or its social democratic versions in Europe. It’s … Continue reading →

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Capital in 21st Century

Posted on April 23, 2014 by Popular Economics Weekly

Popular Economics Weekly All the hullabaloo re Thomas Piketty’s master economic work, Capital in the 21st Century has overlooked its real importance. Economics is finally becoming a science, rather than just social science based more on theories and formulas (such … Continue reading →

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Opposing the Bully Mentality—Part II

Posted on April 22, 2014 by Popular Economics Weekly

Financial FAQs How does one stop the bullies? Put simply, find a way to stand up to them. Economic bullies behave no differently than individuals when confronted by a person or organization willing to oppose them. But how are the … Continue reading →

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