Category Archives: Weekly Financial News

Labor’s Day—Have We Forgotten What It Means?

Posted on September 2, 2011 by Popular Economics Weekly

Popular Economics Weekly It’s officially the end of summer, start of school, fall colors, and Obama’s upcoming September 8 joint congressional State of the Jobs Market. With the labor market in dire straits, what can we say about this year’s … Continue reading →

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The Fed’s Paralysis—Who Will Do the Right Thing?

Posted on August 30, 2011 by Popular Economics Weekly

Popular Economics Weekly I actually agreed with Fed Chairman Bernanke in his latest Jackson Hole speech, when he said the Fed can’t grow the economy without some help. The weak growth of late has panicked markets, and Fed policy doesn’t … Continue reading →

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Our Psychological Depression

Posted on August 21, 2011 by Popular Economics Weekly

Popular Economics Weekly The plunging financial markets are telling us something depression, but it is more about crowd psychology, than actual events. Americans are very depressed about their financial prospects. Duh, says Paul Krugman, given the congressional deadlock. So why … Continue reading →

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Don’t Blame Our Democracy…

Posted on July 26, 2011 by Popular Economics Weekly

Popular Economics Weekly Please don’t blame our Democracy, old as it is—in fact, the oldest in the modern world—for the slowness of this recovery. Winston Churchill on hearing his Labor Party had been defeated in 1947, said in the House … Continue reading →

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Don’t Blame Fannie and Freddie…

Posted on July 20, 2011 by Popular Economics Weekly

The Mortgage Corner Please don’t blame Fannie Mae and Freddie Mac, guarantors of most of the housing market’s conventional mortgages and reason the housing market continues to function at all, for the housing bust. The bust was caused by the … Continue reading →

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It’s Basic Economics, Stupid!

Posted on June 10, 2011 by Popular Economics Weekly

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?

Posted on June 3, 2011 by Popular Economics Weekly

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)

Posted on May 24, 2011 by Popular Economics Weekly

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

Posted on April 12, 2011 by Popular Economics Weekly

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

Posted on April 5, 2011 by Popular Economics Weekly

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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