Category Archives: Politics

Why Have a Debt Ceiling Debate?

Posted on October 7, 2021 by Popular Economics Weekly

Financial FAQs FREDdebtgdp We might have just been saved from an immediate default on the national debt with all of its consequences. Senate Minority Leader Mitch McConnell late on Wednesday made a new offer to the Democratic-run Senate as lawmakers … Continue reading →

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U.S. Manufacturing Output Surging

Posted on October 4, 2021 by Popular Economics Weekly

Financial FAQs FREDmanuoutput Growth in the U.S. manufacturing sector is exploding, according to the Institute for Supply Managers Report on Business. Output is up 17 percent in Q2 2021 YoY. It is a great sign of overall economic growth for … Continue reading →

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What Happened to the Civil War?

Posted on September 29, 2021 by Popular Economics Weekly

Answering Kennedy’s Call NPR.org Removal of the largest Robert E. Lee statue from its prominent place in central Richmond, Virginia is a sign of the times. We are no longer fighting what has been called a ‘cold’ civil war. Not the majority … Continue reading →

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Why So Much Income Inequality?

Posted on September 21, 2021 by Popular Economics Weekly

Answering Kennedy’s Call FREDcpi President Biden hopes to pass the largest piece of social legislation since the New Deal with his upcoming $3.5 trillion social infrastructure bill. But he is finding lots of opposition to such public spending. The NY … Continue reading →

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A Disappointing Jobs Report

Posted on September 3, 2021 by Popular Economics Weekly

Popular Economics Weekly Calculated Risk When will they come back to work? That is the question economists are asking with the August unemployment report out today. Although the Calculated Risk graph shows how quickly job creation has recovered in comparison … Continue reading →

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California’s NIMBY Problem

Posted on August 30, 2021 by Popular Economics Weekly

The Mortgage Corner Calculated Risk It’s no secret that California has a housing problem. Its bias for single-family, ‘not-in-my-backyard’ (NIMBY) zoning since the 1960s has finally caught up with reality—in the form of more than 150,000 residents homeless and some 700,000 … Continue reading →

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Can We Have a Soft Landing?

Posted on August 2, 2021 by Popular Economics Weekly

The Mortgage Corner CBO Fed Chair Alan Greenspan in early 2000 convinced GW Bush that he could finance GW’s war on terror without raising taxes by borrowing money at ultra-low interest rates. America’s sovereign debt had AAA credit rating at … Continue reading →

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Second Quarter Economic Growth Explodes

Posted on July 29, 2021 by Popular Economics Weekly

Financial FAQs BEA.gov The U.S. economy grew at a blistering pace in the spring and repaired most of the damage caused by the pandemic thanks to widespread coronavirus vaccinations and a nearly full reopening of the economy. The Q2 GDP … Continue reading →

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Why Keep Interest Rates This Low?

Posted on July 15, 2021 by Popular Economics Weekly

Financial FAQs FREDPersavings Inflation isn’t yet a problem, but are very low interest rates becoming a problem? Interest rates have been at record lows for years, thanks to the Federal Reserve that has been buying up enough bonds and mortgage … Continue reading →

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There Are More Jobs Than Ever!

Posted on June 9, 2021 by Popular Economics Weekly

Financial FAQs Calculated Risk The number of job openings reached a series high of 9.3 million on the last business day of April, the U.S. Bureau of Labor Statistics reported last Tuesday. Hires were little changed at 6.1 million. Total separations … Continue reading →

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