Category Archives: Weekly Financial News

It’s Basic Economics, Stupid!

Popular Economics Weekly What was the reason for Fed Chairman Bernanke’s almost pathetic plea to understand real world economics, in his latest speech at the Atlanta IMF Conference? He said in essence that the Fed is caught between worries about … Continue reading

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Where are the Jobs?

Popular Economics Weekly We know that economic growth has slowed in the first quarter—falling from 3.1 percent growth to 1.8 percent in the second estimate of Q1 GDP growth. But even with slower growth, all sectors are still hiring. And … Continue reading

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Jobs Create More Growth (Not Tax Cuts)

Popular Economics Weekly Neither party seems to want to tackle the unemployment problem head on. Why? Conservatives have succeeded in shifting the debate to taming the budget deficit, when any improvement in the deficit depends on creating more jobs. It … Continue reading

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The Wrong Budget Debate

Financial FAQs We are having the wrong budget debate. Washington is not talking about paying down the federal debt, which now totals some $9.5 trillion held publicly. Budget deficits are created when revenues don’t equal spending. So when the focus … Continue reading

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The Real Employment Picture

Popular Economics Weekly Nonfarm payroll employment increased by 216,000 in March, and the unemployment rate was little changed at 8.8 percent, the U.S. Bureau of Labor Statistics reported today. It is a start, but we have a long way to … Continue reading

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What to do with 30-year Mortgages?

The Mortgage Corner Are 30-year mortgages a thing of the past? If so, too bad. Much of the debate over the future of Fannie Mae and Freddie Mac revolves around whether their main product—the 30-year mortgage—will disappear if Fannie and … Continue reading

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The Japanese Lessons

Popular Economics Weekly The Japanese twin disasters—an earthquake plus Tsunami—have highlighted both why Japan’s economy has basically sputtered since its real estate and stock bubbles burst in 1989-91, and why ours is taking so long to recover—we were not prepared … Continue reading

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More Jobs in 2011!

Popular Economics Weekly The jobs market is in full recovery mode this spring. March seems to be the month when shoppers begin to shop in earnest and employers are hiring again. Both the service and manufacturing sectors of the economy … Continue reading

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Mortgage Delinquencies are Falling

The Mortgage Corner Mortgage delinquencies are declining—the kind that tell us we may be seeing an end to falling real estate prices. That is, there are fewer 30-day late payments, which are the first indicator of trouble leading to short … Continue reading

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When is Inflation a Problem?

Financial FAQs Does it seem like the price of everything is rising these days—particularly food and gas prices? It really depends on who you talk to, and this is reviving the age-old debate between deficit hawks and doves. The old … Continue reading

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