Category Archives: Politics

Wisconsin’s Austerity Lesson

Posted on February 28, 2014 by Popular Economics Weekly

Popular Economics Weekly Governor Scott Walker is having his own problems with the ongoing investigation into staffers using public funds for political campaigning as a County Manager, but it doesn’t seem to faze him as he touts the success of … Continue reading →

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Existing-Home Sales Slow in January

Posted on February 25, 2014 by Popular Economics Weekly

The Mortgage Corner Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 5.1 percent to a seasonally adjusted annual rate of 4.62 million in January from 4.87 million in December, and are 5.1 … Continue reading →

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Hoorays For New Fed Chair Janet Yellen

Posted on February 18, 2014 by Popular Economics Weekly

Financial FAQs Fed Chairwoman Janet Yellen’s congressional testimony proved that she is more than qualified to steer the US economy back to health. She is the economists’ economist, in a word, willing to explain the most basic economic truths in … Continue reading →

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Weak Employment–American Austerity at Work

Posted on February 10, 2014 by Popular Economics Weekly

Popular Economics Weekly Is economic growth grinding to a halt, even as pundits predicted better growth in 2014? Nonfarm payrolls have advanced just 188,000 over the past 2 months, when this was the average montly increase in prior months. It … Continue reading →

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Unemployment Still the Problem

Posted on January 13, 2014 by Popular Economics Weekly

Financial FAQs Friday’s U.S. unemployment report might have been an aberration due to the severe winter with just 74,000 nonfarm payroll jobs created, according to the Bureau of Labor Statistics, but how many of those workers who left the labor … Continue reading →

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Beware of the Taperians!

Posted on January 6, 2014 by Popular Economics Weekly

Popular Economics Weekly Now that the Fed has begun to reduce its QE3 securities’ purchases $10B per month in January, what will that do for growth? My answer is it’s too soon to say. Firstly, beware of the ‘Taperians’, those … Continue reading →

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The Great Income Divergence—II

Posted on January 3, 2014 by Popular Economics Weekly

Financial FAQs Ben Bernanke is now defending his record as Fed Chairman. He shouldn’t have to, as without the Fed’s easy money policies—such as QE3—the economy would surely have plunged back into recession, as the European Union has done with … Continue reading →

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Mortgage Defaults Continue to Fall

Posted on January 2, 2014 by Popular Economics Weekly

The Mortgage Corner Fannie Mae reported last week that the Single-Family Serious Delinquency rate declined in November to 2.44 percent from 2.48 percent in October. The serious delinquency rate is down from 3.30 percent in November 2012, and this is … Continue reading →

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Where is The Inflation??

Posted on December 19, 2013 by Popular Economics Weekly

Financial FAQs The answer, in a nutshell, is it’s nowhere to be found. All current worldwide and domestic inflation indicators show depressed demand for goods and services, hence there is little incentive to raise prices. Therefore businesses are spending little … Continue reading →

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The Great Divergence

Posted on December 16, 2013 by Popular Economics Weekly

Popular Economics Weekly The so-called “minimalist” budget deal just reached by Congress is another illustration of the great divergence in wealth distribution of recent years that has eclipsed the middle class. The Great Divergence is not a term usually associated … Continue reading →

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