Category Archives: Macro Economics

Our Tragedy of the Commons—Austerity That Doesn’t Work

Posted on December 28, 2012 by Popular Economics Weekly

Popular Economics Weekly There is a longer term fiscal crisis that current budget negotiators are ignoring. It is called the Tragedy of the Commons — the long term neglect of common resources and facilities used by all, including our air, … Continue reading →

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Q4 GDP Growth Improving

Posted on December 18, 2012 by Popular Economics Weekly

Financial FAQs We are seeing faster economic growth in the fourth quarter, even after the upward revision of Q3 GDP growth to 2.7 percent from 2.0 percent. The reason? The 146,000 jump in November payroll jobs, soaring retail sales, and … Continue reading →

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Michigan Republicans Repeat Economy Wrecking Doctrine

Posted on December 11, 2012 by Popular Economics Weekly

Financial FAQs Michigan has become the latest Republican-led effort to wreck economic growth in passing a right-to-work laws that restrict unions. With all apologies to Naomi Klein’s Shock Doctrine, Repubs are no longer waiting for recessions to enrich their wealthiest … Continue reading →

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High Pending Home Sales—A 2013 Housing Shortage?

Posted on November 29, 2012 by Popular Economics Weekly

The Mortgage Corner The huge jump is pending home sales could presage a sharp drop in inventory of homes for sale in 2013. Why? There are fewer foreclosures because of the declining shadow inventory of homes in default that have … Continue reading →

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Falling Households Incomes—The Real ‘Fiscal Cliff’

Posted on November 26, 2012 by Popular Economics Weekly

Popular Economics Weekly It is household income that is falling off a cliff. This is partly due to the busted housing bubble and subsequent Great Recession that shaved 40 percent from household wealth. But household incomes haven’t been rising as … Continue reading →

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Next 4 Years—Back to the Future

Posted on November 10, 2012 by Popular Economics Weekly

Financial FAQs President Obama’s victory means it’s Back to the Future for economic as well as social policies. It means he now has the mandate to implement what the electorate chose him for—a functioning government to not only fix disasters … Continue reading →

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It’s the Consumers Turn

Posted on November 8, 2012 by Popular Economics Weekly

Popular Economics Weekly We know that consumers will continue to push economic growth this fall and winter for several reasons. Firstly, the Bureau of Labor Statistics monthly JOLTS report showed 3.6 million job openings (yellow line), and more than 4 … Continue reading →

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Two Percent Growth Isn’t ‘New’ Normal

Posted on October 31, 2012 by Popular Economics Weekly

Popular Economics Weekly There are many ways to look at the “weak” 2 percent growth numbers for Q3, though just the ‘Advance Estimate’ and so subject to at least 2 more revisions. But such weak growth isn’t due to excessive … Continue reading →

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U.S. Economy Is In Recovery

Posted on October 29, 2012 by Popular Economics Weekly

Popular Economics Weekly I mentioned last week that the U.S. economy is now growing faster than the rest of the developed world. How can that be, you say, with all the election propaganda saying the recovery has been a failure?  … Continue reading →

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Better Growth and Jobs Ahead?

Posted on October 23, 2012 by Popular Economics Weekly

Popular Economics Weekly The U.S. economy is now growing faster than the rest of the advanced economies. And the Fed just announced it will discuss a possible expansion of the size of its third round of bond buying (QE3) and … Continue reading →

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