Category Archives: Macro Economics

Leading Indicators Show Moderate Growth

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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Manufacturing, Service Sector Growth Prolong Recovery

Financial FAQs FREDmanufacturing U.S. manufacturing and service sector activity continued to climb, despite the price hikes and supply bottlenecks. And we are just at the beginning of the holiday shopping season. Both economic sectors per the ISM supply managers’ indexes … Continue reading

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Debt-Fueled Recovery Needed

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

End of the Age of Narcissism–Part II?

Answering the Kennedys’ Call USAToday South Dakota’s Sturgis Motorcycle Rally this August was notable for the estimated 450,000 attending during the COVID-19 pandemic. It happened in spite of the almost unanimous warnings given by public health officials that it could … Continue reading

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What Future Job Growth?

Financial FAQs Calculated Risk The Job Openings and Labor Turnover Survey (JOLTS) put out by the Labor Department (BLS) probably only makes sense to economists, because it gives a picture of the job market in coming months, as well as … Continue reading

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Job Losses Still Too High

Popular Economics Weekly St.LouisFRED The U.S. economy is recovering very slowly, in part because the number filing for first-time unemployment benefits is still too high (see above graph). Why? Businesses are still shedding workers because the COVID-19 pandemic is not … Continue reading

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The Recession Has Arrived, No Big Surprise!

Financial FAQs The Dow plunged 1,862 points on Thursday, as the Business Cycle Dating Committee of the National Bureau of Economic Research, which maintains a chronology of the peaks and troughs in economic activity in the United States, had just … Continue reading

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Why Has U.S. Made Such a Mess of It?

Popular Economics Weekly Wrightson.com Private sector employment decreased by – 2,760,000 jobs from April to May according to the May ADP National Employment Report®, much less than the original estimate of –8 million jobs. It precedes Friday’s official government unemployment … Continue reading

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What Letter Will Describe This Pandemic?

Popular Economics Weekly Conference-board.org The Conference Board’s consumer confidence survey should help to predict the shape of this economic recovery from COVID-19. It’s shape will mirror the degree of “uncertainty” felt by consumers. In the words of Lynn Franco, Senior … Continue reading

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Government Was Never the Problem

Popular Economics Weekly MarketWatch.com President Reagan’s all-encompassing campaign slogan that “government is the problem” was never the problem. But competent governance has been a problem; in as much as incompetent leaders have been the problem dogging any degree of prosperity … Continue reading

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