Category Archives: Weekly Financial News

Housing Market Will Survive Coronavirus

Posted on March 24, 2020 by Popular Economics Weekly

The Mortgage Corner NAHB.org What happens to housing with the COVID-19 pandemic? It had been on the road to recovery with record low interest rates; so much so that single-family housing starts have been soaring since 2019 as more millennials … Continue reading →

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Why Do We Need a (new) New Deal?

Posted on March 19, 2020 by Popular Economics Weekly

Financial FAQs Amazon COVID-19 has finally done it. The new bi-partisan legislation working through congress that apportions money to the people and businesses that really need it—working (salaried) folk and small businesses with less access to credit—tell us why we … Continue reading →

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Has the Recession Begun?

Posted on March 17, 2020 by Popular Economics Weekly

Popular Economics Weekly Wikipedia It might not matter when the so-called infection curve begins to flatten, or the epidemic “washes away”, as President Trump has said. The economic damage has already been done, due in part to the lack of … Continue reading →

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How Do We Fight COVID-19?

Posted on March 12, 2020 by Popular Economics Weekly

Popular Economics Weekly St.LouisFRED Economists are beginning to predict the worst due to the COVID-19 outbreak that has become a worldwide pandemic.  Former Fed Vice-Chairman Alan Blinder said recently on CNBC that a recession may have already begun this March; … Continue reading →

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Nobelist Daniel Kahneman on Thinking, Fast and Slow

Posted on March 9, 2020 by Popular Economics Weekly

Financial FAQs Amazon Thinking, Fast and Slow; what else should Nobel Laureate Daniel Kahneman be noted for, the son of Lithuanian Jewish parents fleeing the Russian Empire in the 1920s who grew up  to the sound of marching black boots … Continue reading →

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The Wages of Fear in a Recession—Part II

Posted on March 2, 2020 by Popular Economics Weekly

Financial FAQs FRED Is the U.S. economy already in recession? How can it be with more than 80 percent of the adult workforce employed? But that isn’t how recessions actually begin, as portrayed in the above St. Louis Fed unemployment … Continue reading →

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The Wages of Fear In Distrustful Times

Posted on February 28, 2020 by Popular Economics Weekly

Financial FAQs Goldman Sachs The Wages of Fear is a famous 1950s French film starring Yves Montand about four men that agree to carry a very dangerous cargo of nitroglycerine, the main dynamite ingredient, through a remote South American jungle … Continue reading →

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Housing Market (Still) Alive and Well

Posted on February 24, 2020 by Popular Economics Weekly

The Mortgage Corner FRED-ICAP All is still well with residential housing into this new year. Both housing starts and permits exceeded predictions, with starts now at 1.57 annual units, and permits at a 13-year high of 1.551 million units annualized. … Continue reading →

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Why Are Retail Sales Struggling?

Posted on February 15, 2020 by Popular Economics Weekly

Financial FAQs Calculated Risk Retail sales have slowed markedly since the fall of 2019, with monthly overall sales up just 0.3 percent, and rising 3.9 percent annually without volatile gasoline prices. This means the U.S. is basically stuck in a … Continue reading →

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Who Is Fully Employed in January?

Posted on February 7, 2020 by Popular Economics Weekly

Financial FAQs MarketWatch It looks like everyone is employed in the service sector, but manufacturing is sputtering. There were 44,000 new construction jobs and a whopping 72,000 in Education and health services. But manufacturing lost another 12,000 jobs in January; … Continue reading →

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