Category Archives: Weekly Financial News

First Quarter GDP Growth Beats Estimates

Posted on April 26, 2019 by Popular Economics Weekly

Popular Economics Weekly Surprise, surprise, first quarter GDP growth beat the estimates of economists and pundits, but it wasn’t for the usual reasons. Spending at the state and local level jumped 3.9 percent after a 1.3 percent drop in the … Continue reading →

Posted in Consumers, Economy, Keynesian economics, Weekly Financial News | Tagged , , , , | Leave a comment

Laffernomics and Tomorrow’s GDP Estimate

Posted on April 25, 2019 by Popular Economics Weekly

Financial FAQs The decline of so-called Laffernomics, an economic theory first proposed by conservative economist Arthur Laffer in 1974, posited in so many words that lower tax rates of the wealthiest, in particular, would increase overall tax revenues as well … Continue reading →

Posted in Consumers, Economy, Keynesian economics, Politics, Weekly Financial News | Tagged , , , | Leave a comment

Housing Supply Improving

Posted on April 23, 2019 by Popular Economics Weekly

The Mortgage Corner Our housing supply is finally improving. New-home sales ran at a seasonally adjusted annual rate of 692,000, the Commerce Department said Tuesday. That was 4.5 percent above February’s total and beat the consensus forecast of a 645,000 … Continue reading →

Posted in Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

Retail Sales Rebound Sign of Higher Growth?

Posted on April 19, 2019 by Popular Economics Weekly

Popular Economics Weekly Sales at U.S. retailers surged in March by the most in a year and a half, the latest in a string of reports suggesting economic growth is picking up after a soft spell of growth earlier in … Continue reading →

Posted in Consumers, Economy, Weekly Financial News | Tagged , , , , | Leave a comment

First-Time Homebuyers Are Back

Posted on April 18, 2019 by Popular Economics Weekly

The Mortgage Corner MarketWatch’s Andrea Riquier says first-time homebuyers aren’t doing so bad, if we look at more than the NARealtor’s existing-home sales data. First-timers’ sales data is important because they usually choose so-called “entry-level” homes that are affordable to … Continue reading →

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , | Leave a comment

March Job Creation Exceeds Population Growth

Posted on April 5, 2019 by Popular Economics Weekly

Popular Economics Weekly Stanford economist and Former Chief Economic Advisor Ed Lezear said this morning on CNBC that job creation still exceeds population growth, which is a sign the US economy continues to expand, but at a slower rate. “Total … Continue reading →

Posted in Consumers, Economy, Housing, Weekly Financial News | Tagged , , , , | Leave a comment

Ignore the Bad News-Goldilocks Is Back!

Posted on April 1, 2019 by Popular Economics Weekly

Financial FAQs Why has the Fed stopped raising their interest rates? Because this is the lowest inflation rate for ‘core’ consumption expenditures in three decades, as this FRED graph from 1980 onward portrays. fred stlouisfed.org. “We are almost 10 years … Continue reading →

Posted in Consumers, Economy, Keynesian economics, Politics, Weekly Financial News | Tagged , , , | Leave a comment

This Is Not a Recession!

Posted on March 27, 2019 by Popular Economics Weekly

Financial FAQs fred stlouisfed.org. There is no ‘looming’ recession about to happen, in spite of the warnings from pundits; none of whom are reputable economists to date. For instance, Trump’s new pick for the Federal Reserve Board is not a … Continue reading →

Posted in Economy, Keynesian economics, Macro Economics, Weekly Financial News | Tagged , , , | Leave a comment

Near-Record Home Sales Combine with Record Low Interest Rates

Posted on March 25, 2019 by Popular Economics Weekly

The Mortgage Corner Graph: Econoday Existing-home sales rebounded strongly in February, experiencing the largest month-over-month gain since December 2015, according to the National Association of Realtors. Three of the four major U.S. regions saw sales gains, while the Northeast remained … Continue reading →

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , | Leave a comment

Who’s Most Damaged by Trade Wars??

Posted on March 22, 2019 by Popular Economics Weekly

Popular Economics Weekly Why cannot the Trump administration make $1 + $1 = $2? It’s obvious to all major economists and anyone with basic arithmetic skills that foreign tariffs not only raise the prices of those imports to US, which … Continue reading →

Posted in Consumers, Economy, Politics, Weekly Financial News | Tagged , , , | Leave a comment