Category Archives: Weekly Financial News

Oh, Oh, Retail Sales Also in Decline?

Posted on May 15, 2019 by Popular Economics Weekly

Popular Economics Weekly The effects of the Trump administration’s trade wars are already slowing down consumer spending, not a good sign if Trump maintains tariffs for a longer period, as promised. Econoday.com The US Census Bureau is now reporting a … Continue reading →

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Do Trump Trade Wars = Recession?

Posted on May 14, 2019 by Popular Economics Weekly

The Mortgage Corner There are already signs President Trump’s trade wars are hurting. Right now, it’s mainly his Midwestern farm constituents that have seen their agricultural exports plummet. But what happens when rising prices from the tariffs are passed on … Continue reading →

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What is the Bully Mentality?

Posted on May 13, 2019 by Popular Economics Weekly

The Mortgage Corner Olweus Bullying Prevention Program The Trump administration and congressional Republicans’ “stonewalling” efforts, as House Majority Leader Nancy Pelosi has put it, are the latest example of the bully mentality, but few pundits or even Democrats seem to … Continue reading →

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Where are the Workers?

Posted on May 7, 2019 by Popular Economics Weekly

Popular Economics Weekly The number of job openings rose to 7.5 million on the last business day of March, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.7 million and … Continue reading →

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Our Student Debt Problem

Posted on May 6, 2019 by Popular Economics Weekly

Financial FAQs College students and former students have amassed some $1.5 trillion in student debts, most of it (90 percent) held by the federal government or guaranteed by same. And this is holding back a whole generation of young adults … Continue reading →

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A Huge Employment Report

Posted on May 3, 2019 by Popular Economics Weekly

Popular Economics Weekly The U.S. Bureau of Labor Statistics (BLS) reported today that total nonfarm payroll employment increased by 263,000 in April, and the unemployment rate declined to 3.6 percent. It was the lowest unemployment rate in 49 years—since December … Continue reading →

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Are Consumers Happy, Will Continue to Spend?

Posted on April 29, 2019 by Popular Economics Weekly

Financial FAQs I mentioned last week the big question remains, with March’s initial estimate of Q1 GDP growth, will consumers continue to maintain their share of consumption and continue to boost economic growth? Today’s release of February and March Personal … Continue reading →

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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 →

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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 →

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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 →

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