Category Archives: Weekly Financial News

Retail Sales, Consumer Spending Falter

Posted on December 16, 2020 by Popular Economics Weekly

Financial FAQs FREDretailsales Sales at U.S. retailers fell in November for the second month in a row and posted the biggest decline since the onset of the pandemic, showing effects of the record rise in coronavirus cases. Retail sales fell … Continue reading →

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The Path to Economic Recovery—Part II

Posted on December 11, 2020 by Popular Economics Weekly

Financial FAQs Calculated Risk As I said in Part I of this series, there is a path to economic recovery from the worst recession since the Great Recession. Firstly, it means studying what economic policies have worked in past recoveries. … Continue reading →

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The Path to Economic Recovery

Posted on December 7, 2020 by Popular Economics Weekly

Financial FAQs Calculated Risk There is a path to economic recovery from the worst recession since the Great Recession—and maybe the Great Depression. But it means escaping from the free market economic orthodoxy that has prevailed since 1980, and which … Continue reading →

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Are We Having a Double-Dip Recession?

Posted on November 30, 2020 by Popular Economics Weekly

Popular Economics Weekly FREDgdp What if we have a ‘double-dip’ recession; i.e., when and if the US economy returns to negative growth in the fourth quarter? Notwithstanding the record 33.1% annualized snapback in real gross domestic product growth in the third quarter … Continue reading →

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Most Home Sales Since Housing Bubble!

Posted on November 20, 2020 by Popular Economics Weekly

The Mortgage Corner Calculated Risk How can there be a record number of homeless and a booming housing market? It’s almost unbelievable that one sector of our economy is growing like in the good old days of the early 2000s … Continue reading →

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There are Plenty of Available Jobs!

Posted on November 11, 2020 by Popular Economics Weekly

Financial FAQs Calculated Risk The 6.4 million job openings on the last business day of September, were “little changed” from prior months, the U.S. Bureau of Labor Statistics reported yesterday. But it is below the 7 million job openings in … Continue reading →

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Another Good Employment Report

Posted on November 6, 2020 by Popular Economics Weekly

Financial FAQs FREDunemployment The U.S. regained 630,000 jobs in October and the unemployment rate fell sharply again to 6.9 percent, said the Bureau of Labor Statistics, reflecting a surprising show of strength for the economy even as coronavirus cases rose … Continue reading →

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How Will US Economy Survive COVID-19?

Posted on November 4, 2020 by Popular Economics Weekly

Popular Economics Weekly FREDpersonalconsumption The US economy must first survive this pandemic before it will benefit most Americans. Some sectors are doing better, but ignore the financial market swings, which benefit 401(k)s, but not most Americans. Advance estimates of U.S. … Continue reading →

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Q3 Real GDP Jumps +33 Percent

Posted on October 29, 2020 by Popular Economics Weekly

Popular Economics Weekly Calculated Risk We are not really out of the COVID recession, per Calculated Risk graph, even though the US Bureau of Economic Analysis (BEA) “advance” estimate of third quarter GDP growth increased +33.1 percent. But it’s still … Continue reading →

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The Housing Boom Continues

Posted on October 22, 2020 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Total existing-home sales, https://www.nar.realtor/existing-home-sales, including single-family homes, townhomes, condominiums and co-ops, rose 9.4 percent from August to a seasonally-adjusted annual rate of 6.54 million in September. The housing boom continues in the middle of the coronavirus … Continue reading →

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