Category Archives: Politics

How High Go Housing Prices?

The Mortgage Corner Calculatedriskblog How high can housing prices go? They rose in double digits annually in the early 2000s during the housing bubble. But that was when the housing supply could not keep up with the demand for housing, … Continue reading →

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Equitable Wealth = Equitable Growth

Answering the Kennedys’ Call Equitablegrowth.com We must cure the record income inequality if we are to re-unite the United States into a country that serves Americans in both red and blue states. The current disunity is a result of whole … Continue reading →

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Why the American Rescue Plan Is So Important

Financial FAQs There are several good reasons for passing the American Rescue Plan (ARP). Firstly, it abolishes once-and-for-all the Reagan-era myth that ‘government is the problem’. With the thinnest of Democratic majorities, the Biden administration is getting things done; from … Continue reading →

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Manufacturing At Two-Year High

Financial FAQs Tradingeconomics Manufacturing activity is roaring back. It joins construction and housing sales as the main drivers of economic growth at the moment. And we need all the drivers of economic growth to keep this economy in the black … Continue reading →

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Another ‘Roaring Twenties’–Part II?

Financial FAQs UMichSentiment For some kind of ‘Roaring Twenties’ recovery to happen, Nobel Prize-winner Joe Stiglitz warns in Project-Syndicate that we must pass President Biden’s $1.9 trillion American Rescue Plan. “Biden’s proposed spending plan is urgently needed. Recently released data … Continue reading →

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The American Rescue Plan Must Pass

Popular Economics Weekly Calculated Risk The number of job openings was little changed at 6.6 million on the last business day of December, the U.S. Bureau of Labor Statistics reported yesterday. Job growth slowed in January with just 49,000 net … Continue reading →

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January Employment Barely Rises

Popular Economics Weekly Calculated Risk The unemployment rate fell by 0.4 percentage point to 6.3 percent in January, while nonfarm payroll employment changed little (+49,000), the U.S. Bureau of Labor Statistics reported today. The US labor market continued to reflect … Continue reading →

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A ‘New’ New Deal

Popular Economics Weekly FREDgdpgrowth Even before his inauguration, the Biden administration announced its ‘new deal’ for a new administration doing government’s business as we recover from the worst recession since the Great Depression of the 1930s.  Yes, this is the … Continue reading →

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Economy Has Room to Expand

Financial FAQs Calculated Risk The latest Job Openings and Labor Turnover Survey (JOLTS) report showed that small businesses are hurting the most during this pandemic with even outdoor dining banned in some regions, such as Southern California, while new hires … Continue reading →

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Job Losses Mount From COVID-19

Popular Economics Weekly MarketWatch Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today. “The decline in payroll employment reflects the recent increase in … Continue reading →

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