Category Archives: Politics

Wages Rise in Unemployment Report!

Posted on February 2, 2018 by Popular Economics Weekly

Popular Economics Weekly The best news in January’s unemployment report was average hourly wages jumped 9 cents, to $26.74. It pushed the yearly increase to 2.9 percent from 2.6 percent, marking the highest level since the end of the Great … Continue reading →

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Q4 GDP Growth Misses 3 Percent

Posted on January 26, 2018 by Popular Economics Weekly

Popular Economics Weekly Consumers and businesses powered the economy to a 2.6 percent rate of gross domestic product growth in the final three months of 2017, according to the Commerce Department. But declining inventories and a wider trade deficit kept … Continue reading →

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Shutdown vs. “S***hole” Countries?

Posted on January 22, 2018 by Popular Economics Weekly

Popular Economics Weekly The just ended government shutdown has little to do with 9 million children’s health insurance under the CHIP plan, or extending the Dreamers protection under DACA. It really has to do with President Trump’s insistence on shutting … Continue reading →

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Why Raise Interest Rates Now?

Posted on January 13, 2018 by Popular Economics Weekly

Financial FAQs The Federal Reserve is warning about the consequences of the just passed tax reform bill, which includes adding some $1.5 trillion to the federal debt in ten years. New York Fed President William Dudley says it will put … Continue reading →

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Aren’t Tax Cuts Wonderful?

Posted on January 8, 2018 by Popular Economics Weekly

Popular Economics Weekly Those were President Trump’s words on the $3.2 trillion in tax cuts enacted by the Republican majority congress before Christmas. “These are the biggest tax cuts in history, even bigger than President Reagan’s.” He’s right that they … Continue reading →

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What Happens in 2018?

Posted on January 5, 2018 by Popular Economics Weekly

Popular Economics Weekly The New Year will make some people very wealthy—mainly stockholders, corporate execs, and real estate moguls. And as minimum wages begin to rise this year in many cities and states (but not all), those at the lower … Continue reading →

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2017—A Nightmare Year

Posted on January 1, 2018 by Popular Economics Weekly

Popular Economics Weekly “For what does it profit a man to gain the whole world and forfeit his soul?” Jesus was to have said to his disciples. This should be the proverb that describes 2017, a year of lost souls. … Continue reading →

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Whither Go 2018 Interest Rates?

Posted on December 28, 2017 by Popular Economics Weekly

Financial FAQs The 10-year benchmark Treasury yield dropped 5.12 points yesterday, the biggest drop in 5 months, according to Marketwatch. It is hovering just above a 2.4 percent yield—which is why one can still obtain a 30-year fixed rate conforming … Continue reading →

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More Repub Lawlessness—Greatest Theft in History

Posted on December 26, 2017 by Popular Economics Weekly

Financial FAQs The Republican’s tax bill has passed, and it is the greatest theft of taxpayer monies in history; even greater than Presidents’ Reagan and Bush I and II tax cuts that began the immense transfer of wealth to the … Continue reading →

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Treasury Yield Curve Too Flat, As Fed’s Raise Interest Rate

Posted on December 13, 2017 by Popular Economics Weekly

Popular Economics Weekly The Federal Reserve FOMC meeting ended with the predicted 0.25 percent rate hike; but it’s happening at the wrong time.  This is the rate that controls credit card interest and the Prime Lending Rate banks use on … Continue reading →

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